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08-22-2009, 05:04 PM #1
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Three States Get 66 Percent of Bailout
Three States Get 66 Percent of Bailout
Thursday, August 20, 2009 3:53 PM
Where does the bailout money really go?
The Atlantic reports that the bailout is massively concentrated in just a few states.
Total bailout funding, according to the ProPublica data, is $476.5 billion to date. One state, New York, has captured $175 billion of that, more than a third. Michigan is next with $80.7 billion or 17 percent of the total, followed by North Carolina with $56.3 billion, Virginia with $54.9 billion, and California with $34.4 billion.
The top three states accounted for 66 percent of bailout spending; the top five 84 percent; and the top two more than 10 percent.
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08-22-2009, 05:29 PM #2
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Interesting that Montana didn't get any of the money. Why?
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08-22-2009, 06:39 PM #3
I think I'll make a poster with that map. In our state Obama's message apparently is "Nope."
"Men of low degree are vanity, Men of high degree are a lie. " David
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