[Good? Bad? Maybe, if...? There is a lengthy breakdown at the URL. In other news, Japan's stimulus package is apparently 200% of their GDP? - B.]
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http://www.bloomberg.com/apps/news?pid=20601087&sid=armOzfkwtCA4&refer=home#
Financial Rescue Nears GDP as Pledges Top $12.8 Trillion (Update1)
By Mark Pittman and Bob Ivry
March 31 (Bloomberg) -- The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.
New pledges from the Fed, the Treasury Department and the Federal Deposit Insurance Corp. include $1 trillion for the Public-Private Investment Program, designed to help investors buy distressed loans and other assets from U.S. banks. The money works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation. The nation’s gross domestic product was $14.2 trillion in 2008.
[...]
The combined commitment has increased by 73 percent since November, when Bloomberg first estimated the funding, loans and guarantees at $7.4 trillion.
[...]
http://www.bloomberg.com/apps/news?pid=20601087&sid=armOzfkwtCA4&refer=home#