I was struck by a curiosity today. I wondered what AIG's losses reported today; and I wondered what that was related to economic output of countries. Then I looked it up.
The AIG losses reported today alone are equivalent to the total world economic output from somewhere in the 16th century.
If we take into account the approximately 3 trillion dollars we are on the hook for between the treasury bailouts that haven't been fully disclosed, TARP, and the economic stimulus, suddenly we're looking at the total world output from somewhere in the 1930's. You read that right; World output.
Since the economic collapse (or at least, a massive part of it) can be directly linked to the Bush failure to enforce regulations, this makes an interesting achievement for Mr Bush. And the economic losses are even more staggering, when compared to the bailouts.
Share this information. Perhaps it will help some put the staggering costs of republican policies in perspective.