Tuesday, November 25, 2008

2 sets of statistics that startled me

1. Obama's "army of small donors" was barely any change from 4 years ago:

[O]nly 26 percent of the money [Obama] collected through Aug. 31 during the primary and 24 percent of his money through Oct. 15 came from contributors whose total donations added up to $200 or less. ...

Those figures are actually in the same range as the 25 percent President Bush raised in 2004 from donors whose contributions aggregated to $200 or less, the 20 percent Senator John F. Kerry collected from such donors and Senator John McCain’s 21 percent from the same group. -- NYT

2. $700 billion has suddenly turned into $7 trillion:
The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago.

The unprecedented pledge of funds includes $3.18 trillion already tapped by financial institutions in the biggest response to an economic emergency since the New Deal of the 1930s, according to data compiled by Bloomberg. The commitment dwarfs the plan approved by lawmakers, the Treasury Department’s $700 billion Troubled Asset Relief Program. Federal Reserve lending last week was 1,900 times the weekly average for the three years before the crisis. -- Bloomberg