In Terms We Can Understand: $700B = 12 Bill Gateses

Or, $2,300 for each of America's 300M average Joes
By Victoria Floethe,  Newser User
Posted Sep 24, 2008 2:22 PM CDT
Stock markets the world over are anxiously awaiting a verdict on the proposed $700 billion US bailout.   (AP Photo)
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(Newser) – Ben Bernanke and Henry Paulson have been urging Congress the past two days to authorize the largest bailout in US history. Slate breaks $700 billion into smaller bites:

  • $2,300 per person (based on the US population of 300 million)
  • 12 Bill Gateses
  • 381 Hollywood blockbusters (Titanic made $1.8 billion)

  • 7 times the single-year cost of obesity in the US ($117 billion in 2000, according to the Centers for Disease Control)
  • Florida's gross domestic product
  • The Netherlands' gross domestic product (last year it was $768.7 billion)
  • Just more than the amount ($600 billion) the US has spent on the Iraq war