Political Parties and Bailouts
Let's take a quick look at presidents and bailouts. Which party is most likely to use government spending to bail out private corporations? Source of data is ProPublica
Red is Republican. Blue is Democrat.
Target of Bailout | year(President) | Cost in 2008 U.S. Dollars |
Troubled Asset Relief Program | 2008 (Bush II) | $700,000,000,000 |
Auto Industry | 2008 (Bush II) | $25,000,000,000 |
AIG | 2008 (Bush II) | $122,800,000,000 |
FannieMae/FreddieMac | 2008 (Bush II) | $200,000,000,000 |
Bear Sterns | 2008 (Bush II) | $30,000,000,000 |
Airline Industry | 2001 (Bush II) | $18,600,000,000 |
Savings & Loan | 1989 (Bush) | $293,300,000,000 |
Continental Illinois Bank | 1984 (Reagan) | $9,500,000,000 |
Chrysler | 1980 (Carter) | $4,000,000,000 |
New York City | 1975 (Ford) | $9,400,000,000 |
Franklin National Bank | 1974 (Nixon) | $7,800,000,000 |
Lockheed | 1971 (Nixon) | $1,400,000,000 |
Penn Central Railroad | 1970 (Nixon) | $3,200,000,000 |
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