The IMF is great at looking out the window and telling you what the weather looks like.

Why do so many reporters, pundits and politicians keep referring to the “700 Billion dollar bailout” when that was changed to 840 Billion?  In fact, shouldn’t we really be referring to the 1,180 Billion dollars granted in just the past month or so counting the Fannie Mae/Freddie Mac, AIG, Bear Stearns, and Auto Industry funds and guarantees?  Weren’t those also bailouts (or “rescues” as the Republicans wanting to continue in power would obviously prefer to have them called)?  Worse yet, I don’t believe that $1,180,000,000,000.00 subtotal includes the FDIC bailout of several banks which has crashed.  If not, then shouldn’t those be added as well?

If we also added in the 18 Billion dollars for the Airline Industry bailout in 2001 and the 293 Billion dollars in bailouts handed out for the Savings and Loan Industry collapse in 1989 (which by the way were also during Republican Administrations if I recall), that bumps the total of handouts by Republican White House occupants to mostly Republican run, owned and/or “regulated” entities in the last two decades up to about a Trillion and a Half dollars at the very least.

No wonder the Republicans sneer at Democrats.  In comparison when it comes to raping the Treasury, the Democrats seem to be bush league players.