Wednesday, February 18, 2009

Step Into the Wayback Machine

Only five or so months ago, Chimpy and his heir-designate, Loose-Cannon McCain, were proclaiming that "the fundamentals of our economy are strong."

Remember that? I bet they wish they could call those words back, pronouncements that were as badly timed as "mission accomplished" and "bring it on."

So now, five months later, the Federal Reserve is forecasting that unemployment will reach 8.5 to 8.8 percent (meaning that it really will be double that figure), that the economy will contract, that there will be be "excessively low inflation" (which is like saying that a patient who has stopped breathing has "excessively low respiration") and that the economy might recover in 2011.

Heck of an economy you left behind, O party of Hoover.

No wonder people are worried.
on or about

2 comments:

  1. Marc2/18/2009 11:09 PM

    That's why they keep on calling for tax cuts -- eventually (in their thinking) it will work. If you keep on digging in the shitpile, you'll find a pony!

    ReplyDelete
  2. Ruckus2/19/2009 5:55 PM

    And before I started my business 3 years ago I was trying to figure out what I would do till retirement. Now I know.
    1. Probably won't have the business
    2. Probably won't ever have another good job.
    3. But whoa! those tax cuts!
    4.Probably won't survive what ever is wrong with my hip with health insurance I can't afford.

    So don't have to worry about 1 and 2.
    So just like Alfred and the re-pukes - What Me Worry?

    ReplyDelete

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