U.S. bailout promises now at 90 percent U.S. 2008 GDP


This is not a joke.

The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.

Yes. According to Bloomberg News tally, 90 percent of America’s GDP is now promised toward filling the financial black hole.

New pledges from the Fed, the Treasury Department and the Federal Deposit Insurance Corp. include $1 trillion for the Public-Private Investment Program, designed to help investors buy distressed loans and other assets from U.S. banks. The money works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation. The nation’s gross domestic product was $14.2 trillion in 2008.

Return of the Green Screen (Updated)

Earlier this summer McCain gave a widely panned speech in front of a green background.  Lime jello and cottage cheese became a running joke on the Interwebs.  

Stephen Colbert issued the McCain Green Screen Challenge: Make McCain Interesting.  A call to video editors everywhere to superimpose background images over the green screen and liven McCain up a bit…

Tuesday night (9/2/08) the winners were announced in this hilarious clip.

Take it from here Stephen…

(urghh – I can’t get the embed to work here.

I linked the image to his site if you want to watch it there.  sorry!)

My Dad in the War

Today, Ken Burns will and PBS will air FUBAR on The War. It will discuss Peleliu.  My Dad was on Peleliu. He always pronounced it Pel-Lee-You.
It was always glossed over in the history books about the war in the Pacific. I would read about Midway. Or Iwo Jima which he missed. Or Tarawa which he also missed, but Peleliu was always kind of a footnote.

As a kid, I had figured that the reason he survived was because not much fighting went on. The War to me was in Europe.

I thought his great accomplishment in the war was guarding a Catholic Cemetery in China after the War. Or meeting a 12 foot cobra on the path on Pavuvu.

But I was wrong.