Scorecard

From a CNN blog entry, here is the current commitments of the US government to "fix" the US economy's problems. This is pretty breathtaking. I sure hope it works:

US Bailout Totals
Date	Bailout	Allocated	Spent
Dec 2007	Term Auction Facility	$600 billion	$468.6 billion
Feb 2008	Economic Stimulus Act of 2008	$168 billion	$168 billion
Mar 2008	Bear Stearns bailout	$29 billion	$26.2 billion
Mar 2008	Term Securities Lending Facility	$200 billion	$88.6 billion
Mar 2008	Primary Dealer Credit Facility	n/a	$61.3 billion
May 2008	Student loan guarantees	$130 billion	$9 billion
Sept 2008	Fannie Mae and Freddie Mac bailout	$400 billion	$59.8 billion
Sept 2008	Foreign exchange dollar swaps	Unlimited	$327.8 billion
Oct 2008	FHA housing rescue	$320 billion	$20 billion +
Oct 2008	Auto industry energy efficiency loans	$25 billion	$0
Oct 2008	Troubled Asset Relief Program	$700 billion	$323.4 billion
Oct 2008	Money market guarantees	$659 billion	$15 billion
Oct 2008	Commercial Paper Funding Facility	$1.4 trillion	$241.3 billion
Nov 2008	Unemployment benefit extensions	$8 billion	$8 billion
Nov 2008	Citigroup loan-loss backstop	$245 billion	$0
Nov 2008	Term Asset-Backed Securities Loan Facility	$1 trillion	$4.7 billion
Nov 2008	GSE mortgage-backed securities purchases	$1.25 trillion	$236.2 billion
Nov 2008	GSE debt purchases	$100 billion	$50.4 billion
Nov 2008	FDIC Temporary Liquidity Guarantee Program	$1.5 trillion	$297.1 billion
2008	FDIC bank takeovers	n/a	$18.5 billion
Jan 2009	Bank of America loan-loss backstop	$97 billion	$0
Jan 2009	Credit Union deposit insurance guarantees	$97 billion	$0
Jan 2009	U.S. Central Federal Credit Union capital injection	$80 billion	$0
Feb 2009	American Recovery and Reinvestment Act	$787.2 billion	n/a
Feb 2009	Foreclosure prevention	$25 billion	$0
Mar 2009	AIG	$182 billion	$129.3 billion
Mar 2009	U.S. government bond purchases	$300 billion	$15 billion
2009	FDIC bank takeovers	n/a	$2.3 billion
	Total:	$10.5 trillion	$2.6 trillion