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Current Great Depression Online:
A Crude and Offensive Bamboozle
Great Depression Online
Long Beach, CA
January 06, 2009
Inside This Issue You Will Discover…
*** Bob’s Transformation
*** A Call for Swift and Bold Action
*** A Crude and Offensive Bamboozle
*** And More
Bob’s Transformation
In 1996 Bob Dole ran an unimpressive, unexciting, and
uninspiring presidential election campaign. The old injured
war hero looked worn-out, weary, and enervated. Standing next
to the incumbent, Bill Clinton, it was no question…Dole was the
lesser man.
Sure enough, on election night,
Several years later, however, a new and more vigorous Bob
Dole hit the spotlight. And to everyone’s surprise, this Bob
Dole hardly resembled the presidential election race dud everyone
knew. Suddenly – in what was almost embarrassing to watch –
Bob Dole was appearing in Pepsi commercials gawking at Britney
Spears like a drooling adolescent.
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~~~~~~~~~~~~~~~~~~~~~~~~~
Was this really Bob Dole? What changed?
Of course what changed was one very essential thing.
Speaking in the third person he explained to Jay Leno what it was…
“Bob Dole knows a little about Viagra.”
In a word: stimulus.
Miraculously, Bob Dole found stimulus in a little blue
pill. And, by the extent of his transformation, the results
must have been miraculous…or more.
A Call for Swift and Bold Action
Barack Obama announced, too, that he’s turning to stimulus
to miraculously transform the
“Obama said Congress should pass an American Recovery and
Reinvestment Plan designed to create 3 million jobs,” reported AP.
“The Democratic president-elect hasn’t announced a final price tag
on it, but aides said the cost could be as high as $775 billion.
“Congressional aides briefed on the measure say it’s likely
to blend tax cuts of $500 to $1,000 for middle-class individuals and
couples with about $200 billion to help revenue-starved states with
their Medicaid programs and other operating costs.
“A large portion of the measure will go toward
infrastructure projects, blending old-fashioned brick and mortar
programs such as road and bridge repairs and water projects with new
programs such as research and development on energy efficiency and
an expensive rebuilding of the information technology system for
health care.”
We don’t fault Obama for turning to stimulus for a miracle.
It’s what’s expected and demanded by the economic. He even
said so…
“‘Economists from across the political spectrum agree that
if we don’t act swiftly and boldly, we could see a much deeper
economic downturn that could lead to double-digit unemployment and
the American dream slipping further and further out of reach.”’
A Crude and Offensive Bamboozle
The world is watching and waiting attentively for the Obama
stimulus to save the economy…and make everyone rich. But what
is stimulus? And whence does it come?
A short while back we discerned the answer to the first question…that Stimulus is for the Birds: Stimulus is for the Birds.
Still we can’t stop asking the question…and wondering from
where it comes. For we are aghast, astounded, and astonished
by the very fact that in this modern era of IPOD’s and Post-It
Notes, the very foundation of the world financial system rests on a
crude and offensive bamboozle of Federal Reserve issued paper money.
The stimulus money, of course, will be borrowed into
existence and handed out by the government in preferential order.
The effect is that of being greeted at your doorstep by a grinning
Jehovah’s Witness donning a tie. It is as unsightly as a
disfigured beggar. It is as uncomely as a fat woman in a
bikini. And it is as intolerable as dining on sushi.
Yet the bamboozle is so crude and so offensive it goes
unnoticed.
What’s more, the people plead for it like funnel cakes at
the county fair.
Sincerely,
M.N. Gordon
Great Depression Online
P.S. We’re in the midst of the worst credit crisis since the Great Depression. But not to worry. Our friends at Elliot Wave International would like to give you a Credit Crisis Survival Kit. Find out all about it here: Credit Crisis Survival Kit.
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