Cost of bailout put in perspective
Brett Arends wrote this terrific article for the WSJ.com analyzing the true cost of the $700 billion bailout. Based on his analysis the true cost of the bailout is equal to, “one-third of 1% of our annual gross domestic product.”
I strongly believe we need to get this bailout done. Here is a link to my rate update today where I also try to put the cost of the bailout in perspective.
In my view the costs of not doing the bailout far outweigh the cost of doing it.