Posted on 09/07/2014 9:43:29 AM PDT by John Semmens
Citing a paper released this week by the St. Louis Federal Reserve, Vice-President Joe Biden blamed American consumers for the sluggish economy.
“The government is doing everything it can to try to stimulate the economy,” Biden contended. “The federal government is spending every dollar it can get its hands on. The Federal Reserve is manufacturing new dollars at an unprecedented pace. But consumers are just sitting on their cash.”
“Hoarding cash makes no sense,” the Veep argued. “The dollar’s purchasing power is being diluted on a daily basis by government policies. Spending your dollars before they lose even more value is what you should do.”
Biden dismissed concerns that people might be saving out of fear of losing their jobs, saying that “there’s no need for anyone to provide their own safety net. In fact, depleting all your assets and means of subsistence makes you eligible for the maximum amount of public assistance.”
“If private hoarding continues the government may have to implement a more vigorous escheatment process in order to put these idle funds to better use,” Biden suggested. “I mean, if people are just sitting on inactive balances in savings accounts the government has the need and the right to seize these funds and inject them into the flow of commerce.”
if you missed any of this week's other semi-news/semi-satire posts you can find them at...
http://azconservative.org/2014/09/06/kerry-says-isis-will-be-destroyed-within-three-years/
Yeah, like increasing taxes have absolutely no effect on the economy.
““The dollar’s purchasing power is being diluted on a daily basis by government policies.”
The “government” is the Obama administration. He has just admitted their policies are causing inflation.
Rimshot Joe needs to follow the hoarders to “the gates of hell!” Hrumpf! Hrumpf!
What retarded Biden?
“That’s retardet, sir.”
When people have to read 3 times to ensure it is truly satire, you have hit the mark :)
Now lets see how many people realize it... lol
Pretty amusing statement coming from the vicetard.
The only retards are in Washington. The WH and Congress!!!
Saving ain't hoarding, it just plain sensibility.
Lol, do the EXACT OPPOSITE of what the gov’t tells you.
The truth straight from the horse's mouth.
Can anyone believe this?
They aren't even talking to us. The LIVs are their whole constituency.
The things that retard the economy are things like legalizing wacko weed. Those out of their minds on dope are the most retarded ones.
I Believed it at first. Would not surprise me for Biden to say this. Then I looked at the link.
;)
Rimshot forgot to mention the retardation caused by the looters during the canonization process of one of their gangbanging “saints”.
lets see how many people realize it.....
counting......
We can laugh about all of these bits of satire but sadly this is the mindset of a ton of liberals. With these people in power what we take as a joke today becomes reality tomorrow.
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