New iPhone Application Tracks Every Dollar of the U.S. Bailout

March 27, 2009 - PRLog -- Stalefish Labs announced the availability of Bailout Watch, the first and only interactive iPhone application that tracks the U.S. economic bailout in visual detail.
Bailout Watch pulls together every facet of the economic bailout, from AIG and Citigroup to Fannie Mae/Freddie Mac and the TARP. The iPhone application reveals that there is more to the bailout than initially meets the eye. "When we starting digging into the numbers, we quickly realized that the TARP was really the tip of the iceberg," said Michael Morrison, President of Stalefish Labs. "Not only that, but it's incredibly difficult to put it all in perspective without a great deal of research and data gathering, which is why we decided to build the app in the first place. This is important information that everyone should have easy access to."
In addition to providing a detailed list of every bailout recipient, Bailout Watch also provides historical relevance to the bailout by contrasting the numbers with other expensive events in American history, such as the New Deal and World War II. Says Morrison, "It's not enough to just point out that the bailout costs 12 trillion dollars because most of us can't really make sense of a number that big. So we included the inflation-adjusted cost of other major events in U.S. history, and created a visual timeline in the app to see how they compare against the bailout in terms of real cost. Those comparisons ended up being quite shocking."
Another important component of Bailout Watch is its Opinion section, where users can weigh in using various bailout-related poll questions. The poll data is instantly updated live so that users can get immediate feedback on how others feel about what's going on. New poll questions are added regularly to reflect current issues related to the bailout. When coupled with the constantly updated bailout data, the polls make Bailout Watch a living, breathing application - a mobile view of the historic economic times we find ourselves living in.
Features of the Bailout Watch iPhone application include:
- Live data reflecting the current state of the bailout, including where every dollar is going.
- Detailed updated breakdown of each and every bailout recipient.
- Visual historical comparisons of the bailout vs. other big ticket U.S. spending events.
- Live polls where opinions can be voiced on a range of bailout topics.
- A handy perspective on millions vs. billions vs. trillions to help make sense of the huge numbers.
Bailout Watch is currently available from the iTunes App Store world-wide for US$1.99, or find out more at http://www.stalefishlabs.com/content/bailout-watch.

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About Stalefish Labs:
Stalefish Labs was founded in 2002 as an interactive entertainment company with a focus on finding new ways of bringing people together to have fun in a modern world.