The Chinese economic stimulus package is valued at $500 billion which is $250 billion less than the projected U.S. bailout program.
Give some credit to the Chinese though for being able to fix their economy with less money than the U.S. is spending.
Keep in mind that the Chinese have reportedly 1 billion citizens while the U.S. has only 300 million.
The Chinese are doing more people with a smaller package [ll].
Anyone gonna check out the Three 6 Mafia concert at the Congress Theatre this Fri?
I got my tix at http://www.chitownentertainment.com
So mad @ the “smaller package” reference. LMAO
smaller in terms of straight money, but …
“The $568 billion is approximately 18% of China’s $3.3 trillion 2007 GDP.
An equivalent investment by the United States government in infrastructure and emergency spending would cost over $2.4 trillion, or 18% of the United States’ $13.8 trillion 2007 GDP.”
My guess is we do end up somewhere in the trillions eventually, but hopefully that loot goes toward infrastructure and not tax cuts and bailouts.
ayo that pic looks like my safe deposit box, for real… these days the cash exchange markets is crazy, got to be holding some monopoly money that keeps it value!