Clearly, the U.S. government on behalf of 'we the people' needs to spend money to get us out of this economic crisis. Still, the amount of money is staggering....
Remember: the value of all the goods and services that we produced in this country (the Gross Domestic Product, GDP) in 2008 was about 14.2 Trillion Dollars.
The following table details how the Fed and the government have committed the money on behalf of American taxpayers over the past 20 months, according to data compiled by Bloomberg.
Click on Chart to increase Chart size.
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