The Bush Bailout - $1.2 Trillion

Watching NBC's Meet the Press this morning and they have some interesting stats on the money spent so far on the economic stimulus during the latter days of the Bush administration. Remember last summer when you hopefully got a stimulus check? That was $168 billion (Thanks, we bought a new bed with that). The bailout of Fannie Mac, Freddie Mac cost $200 billion. The insurance behemoth AIG alone cost a whopping $122.8 billion. Then came the mother of all bailouts, the TARP program was allocated $700 billion, with $17.4 of that going to the big three American automakers. If all the TARP is spent, the total amounts to $1.2 trillion dollars. And that doesn't even include what the Federal Reserve has been doing.