Ad Majorem Dei Gloriam

Essential thinking for reading Catholics.

Thursday, October 02, 2008

A rough guesstimate

To give you an idea of what all this economic turmoil means, every +/- 200 point loss for the Dow Jones Industrial Average represents +/- $250,000,000,000 of national wealth destroyed. So far, the crisis has cost +/- $3,000,000,000,000 with +/- $1,000,000,000,000 coming from Monday's reaction to the vote in the House of Representatives.

A worrying implication to those concerned about the deficit and the national debt is that exactly $0 from those +/- $3,000,000,000,000 will be available to be taxed and put in the gummint coffers.