President Obama signed the $787 billion economic stimulus bill into law today. About $281 billion of the stimulus will go to new tax cuts with the remainder being spent on infrastructure investments, expanded unemployment benefits, and other programs.
But what else could this stimulus package purchase? Here's a few examples:1.Romney's Utah ski home - more than 149,000 times over
Former Massachusetts governor Mitt Romney's Utah ski home was just recently put on the market with an asking price of $5,250,000. You could purchase this estate about 149,904 times over with the stimulus package.
2.Cover money lost in Madoff's Ponzi sheme - 16 times over
Bernard Madoff, a prominent money manager and former chairman of the Nasdaq Stock Market, was accused of a $50 billion Ponzi scheme. The stimulus costs could cover the total money lost in this enormous scam 16 times over.
3.More than 222 billion Big Macs
Since many look to the Bic Mac index to understand exchange rates, it might help put the stimulus package in perspective. With the Big Mac currently worth about $3.54, the stimulus could purchase over 222 billion of the beloved burgers.
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