Tuesday, July 15, 2008

Economic Truth from the Onion

The Onion has a classic satire about the economic situation:

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.

"What America needs right now is not more talk and long-term strategy, but a concrete way to create more imaginary wealth in the very immediate future," said Thomas Jenkins, CFO of the Boston-area Jenkins Financial Group, a bubble-based investment firm. "We are in a crisis, and that crisis demands an unviable short-term solution."

This is closer to the truth than anyone at the Fed would ever admit.

1 comment:

Don Sabatini said...

Very true, we don't just need talking, we need doing :)