Obama Is Giving the Banks More Than $1 Billion Per Hour

by: Jacob Freeze

Sun May 10, 2009 at 23:08

Pro Publica has posted a survey of various estimates of all the many bail-outs aimed at the financial services industry, and if you take the average of the three figures which they consider...$3.2 trillion, $4.17 trillion, and $4.43 trillion... you arrive at a composite estimate of $3.93 trillion.

Even if a very generous $1 trillion is assigned to Bush/Paulson, that still leaves more than $2.9 trillion on Obama's tab, and in order to achieve that titanic give-away after only 110 days in the Oval Office, Mr. Obama has had to deliver more than $1 billion per hour, and more than $24 billion per day, which would only add up to $2.64 trillion for his 110 days in the White House.

More than $1 billion per hour, 24/7, for 110 days.

So I guess you could say that Barack Obama is a very good friend of the banks.