You’re probably asking what those colorful bubbles are above. Well, they represent the size of United States government bailouts in history beginning in 1970. That big burgundy dot at the far right? Yeah, that’s the $700 billion bailout that recently failed to get passed. [via]
Check out the infographic and list of US government bailouts at ProPublica and see how the US government has helped certain American industries from collapse. ProPublica also takes a look at how the US Treasury handled itself after said bailouts. In almost all cases, the US government lost money after the companies bounced back from the bailout.
In a related note, check out the FDIC’s official list of closed banks in the US. Look at all of those dates in 2008.
Wow, our economy ain’t too good.