President Barack Obama Message Board

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Politics : President Barack Obama

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To: sylvester80 who wrote (149201)	2/13/2016 2:33:32 PM
From: Sr K	Read Replies (1) of 149317

At that point, it says the profit from AIG was $15.1 billion. In addition, when you avoid a loss it's a gain, as "Better Markets" stated in that article: add an additional figure — an estimate of how much GDP loss was avoided by government bailouts and other interventions. That figure was $5.2 trillion from 2008 to 2012. Better Markets did not calculate the cost of the government bailouts, such as the rescue of American International Group Inc., which the Treasury Department said this week would produce a profit of at least $15.1 billion. Instead, the group decided to use the estimate of how much of a hit to GDP was avoided by the bailouts — It's obvious Better Markets was miscalculating. Look at the economy since Sep 12, 2012. They might have used their junk analysis to adjust their 10-year projection to 4. estimated the loss in gross domestic product from 2008 to 2018 will be $7.6 trillion, to end at 2012, or at least be comparable to the Blinder amount that had to be added. Roughly, instead of $12.8B, from $7.6B + $5.2B = $12.8 but the first number is for 6 future years (10 total) done in the right direction it would have been $7.6 - $5.2 = $2.4

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