Where is the money?

.... Where is all the stimulus money? Where is the TARP money? Consider the non-defense Federal expenditures plus Federal investments in the most recent GDP report.

3Q08 $344.7 billion
4Q08 $355.4 billion
1Q09 $356.0 billion
2Q09 $362.1 billion
3Q09 $368.4 billion

So, according to the GDP reports, non-defense government spending has increased only $23.7 billion despite the fact that we know $700 billion was spent in the banking and automotive bailouts and at least $336 billion was spent in the Bush and Obama stimuli to date. Where is it? Why does it not show up in the GDP reports as government expenditures or anything else? Even if items such as the automotive bailouts are considered loans, it should have showed up as expenditures by Chrysler and GM. And moreover, the $100 billion in TARP loans to bailed-out corporations that went bankrupt should be written off as an expenditure since they're never going to be repaid.

posted by Vox @ 11/17/2009 06:23:00 at voxday.blogspot.com

[Bloggers note: This is another one I wish I could claim as my own, but more importantly wish was screamed from every news organization in the country.]