Not to worry, world ... GWB is coming to the rescue!
Thanks to President George W. Bush's economic stimulus plan and the United States Federal Reserve's quick action, the entire world's capital assets were saved from extinction. The sad faces seen in Asia yesterday (above) are only a memory today as stocks are rising rapidly in the knowledge that the US President and his Congress are divining (uhhh ... devising) a stimulus package to stem the tide at home and, at the same time, interest rates are being cut deeper to allow even more irresponsible borrowing both at home and abroad.
The winner: You tell me!
2 Comments:
On Sunday the plan was to send individuals $800 each or $1600 per couple. Now it's $300 per person or $1200 per couple. Wonder what it will be when it actually happens?
Not sure who the winners will be, but the losers are the American taxpayers. Again.
How many $748 pliers, $7,000 coffee pots, and $600 toilet seats are we going to allow the DoD to purchase in return for $300-$800?
You got that one right!
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