New and Improved! Now with more sour flavor!

Good Morning fans. I am back home in the chilly windy Hoosierland. It was reported there were wind gusts pushing 70 mph last night. That is pretty close to hurricane strength gales. As I was walking to my car at the airport, a gust blew so hard it actually pushed me backward! I stepped forward and it was as if the hand of God hit me in the chest.

Did you catch The Obama on TV the other night? His body language suggests a really angry person. It is as if he thinks Congress should have passed this stimulus bill just because He wanted it. I was floored when he admitted there was a large portion of spending in the bill that did not relate to any stimulus. Then why isn't he pushing Pelosi and the gang that could not spend enough to trim out the fat? That would get the Repubs on board and we should not be spending at levels unseen in the history of the nation. If you do not believe me:

Jim Bianco of Bianco Research crunched the inflation adjusted numbers. The bailout has cost more than all of these big budget government expenditures – combined:

• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
• Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion

TOTAL: $3.92 trillion

courtesy of ritholtz.com

Or maybe this will put it in perspective:

The only single American event in history that even comes close to matching the cost of the credit crisis is World War II: Original Cost: $288 billion, Inflation Adjusted Cost: $3.6 trillion

The $4.6165 trillion dollars committed so far is about a trillion dollars ($979 billion dollars) greater than the entire cost of World War II borne by the United States: $3.6 trillion, adjusted for inflation (original cost was $288 billion).

Go figure: WWII was a relative bargain.

Here again

Do you think that is awful? Those numbers were crunched before the current stimulus spending plan touted by our President.