Big Bad Bail-outs

Is anyone else reeling from the recent and repeated announcements of various bail-outs from financial corporations on Wall Street to auto plants in Detroit? It's mind-numbing. After numbness comes anger. Wait for it...wait for it...it's coming....

BUT NOW--breaking news just announced 10 minutes ago on Yahoo News, "Massive new programs aimed at loosening credit":

"[T]he Federal Reserve pledged $800 billion Tuesday [today] to blast through blockades on credit cards, auto loans, mortgages and other borrowing. Total bailout commitments, loans and pledges of backing neared a staggering $7 trillion."

MORE OF TODAY'S HEADLINES:

• ABC News, 11/25/08: "Financial Bailout Balloons to the Trillions"
• BostonHerald.com, 11/25/08: "Bailout tally approaches $7 trillion" - great timeline of events leading up to today's melt-down.
• Time.com, 11/25/08: "Why Government Intervention Won't Last"

So how does seven hundred billion dollars turn into seven TRILLION? I feel like swearing. I won't, but pardon me for pointing out the obvious--this is outrageous, ridiculous, insane and out-of-control. And could be cause for great concern. Check out my post today about it at MyNewsMuse.