Posted on 06/25/2011 8:38:05 PM PDT by John Semmens
Ben Bernanke, Chairman of the Federal Reserve Bank (Fed) pronounced himself “baffled” by the state of the economy.
“The federal government is spending like there’s no tomorrow, we’ve added trillions to the national debt over the last three years, we’re cranking out more new money than ever before, yet the economy is lying there like a beached whale,” Bernanke mused. “I have to admit, I’m baffled by it all.”
Bernanke dismissed businesses’ reluctance to invest as “irrational.” “Look, our ‘quantitative easing’ couldn’t be clearer,” Bernanke insisted. “Whatever they borrow today can be paid back later in cheaper dollars. We’re effectively ripping off creditors for the benefit of debtors. Why aren’t businesses rushing to become debtors? It doesn’t make any sense to me.”
Likewise, Bernanke also rejected the perception of many that the Obama Administration is “anti-business” as a possible explanation. “Just because some lines of business have been hammered by the Administration doesn’t mean they’re against all business,” Bernanke observed. “There are ways to get on the good side of the President. A show of support for his reelection could open a few doors. Or businesses could invest in his ‘green agenda.’ You can still make money if you make the right moves.”
“And don’t get me started on taxes,” Bernanke continued. “Businesses don’t pay taxes. They pass them on to their customers. Besides, like I said about our ‘quantitative easing,’ taxes can be paid later in cheaper dollars.”
The Fed Chief implied that sterner measures may be necessary. “If businesses don’t willingly grasp the opportunities laid out for them a more direct role for government may be called for,” Bernanke suggested. “The government needn’t wait for companies to go bankrupt like GM did before stepping in to take control.”
read more...
http://azconserv1.wordpress.com/2011/06/26/treasury-secretary-makes-case-for-higher-taxes/
Hey Genius, maybe because the money’s being given to “beached whales” You know, creatures that can’t/won’t function and contribute.
There’s a point at which satire is so close to reality that stops being funny. This one’s teetering.
Hint:
America is spending tens of billions of dollars more every month which go to our global competitors, than we take in.
But that’s not in your theories anywhere.
Is it?...
Gosh darn it.
(satire)
Very good satire, at that.
I’m not baffled, perhaps I should be the FED chairman...
What a dipsh!t.
This is down right scary.
Yep, so damn close to the truth... So close!
Almost got me on this one. Too near the truth to be satire.
John Galt has fooled The Ben Bernak.
ping
That’s an insult to whales everywhere.
=)
Any more, reality is moving at the speed of satire. John's been writing on that razor's edge for a while now.
I’ve been reading for a while. This is practically indistinguishable.
You are truly amazing. Thanks for keeping me “in.” I appreciate you. You will never run out of material, unfortunately.
You are truly amazing. Thanks for keeping me “in.” I appreciate you. You will never run out of material, unfortunately.
In this story, the satire hit too close to the bullseye.
Many a true word spoken in jest.....
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