WASHINGTON–A panel of top business leaders testified before Congress about the worsening recession Monday, demanding the government provide Americans with a new irresponsible and largely illusory economic bubble in which to invest.
Where else but The Onion. This is a classic. (Thanks ChaseCola)
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Gee, I think this is a transcript of NPR’s “Morning Edition” to which I was listening this morning.
Or at least, that is exactly what they were trying to rationalize.
Let’s get real for a moment: If Fannie and her fascist brother were indeed to “fail”, what would actually happen? Those resources, the “mortgages”, would be sold at a discount, to people with better use for those resources.
No one would die, and recovery would be possible.
Why can’t the pundents get this through their skulls? But then, these are the same kinds of people who called “Ron Paul’s economics” delusional.
But the new bubble is already growing out there – it’s alternative energy. Watch for Obama and McCain talking about “energy security” – getting off oil is becoming a national security question, thus creating the next bubble.
Classic! If it didn’t say “privately issued”, the “little pieces of paper” could very well be US dollars!
Sorry…tried to block quote the paragraph from The Onion, but apparently I don’t know the right tag to use.
“The U.S. economy cannot survive on sound investments alone,” Carlisle added.
Good Stuff!
Great post! Thanks! Might as well laugh to keep from crying.
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