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"FEBRUARY

. . . that Congress passes, without reading it, and without actually finishing writing it, a stimulus package totaling $787 billion. The money is immediately turned over to American taxpayers so they can use it to stimulate the economy.

No! What a crazy idea THAT would be! The money is to be doled out over the next decade or so by members of Congress on projects deemed vital by members of Congress, such as constructing buildings that will be named after members of Congress. This will stimulate the economy by creating millions of jobs, according to estimates provided by the Congressional Estimating Office's Magical Estimating 8-Ball."

"MARCH

. . . an angry nation learns that the giant insurance company AIG, which received $170 billion in taxpayer bailouts and posted a $61 billion loss, is paying executive bonuses totaling hundreds of millions of dollars. This news shocks and outrages President Obama and members of Congress, who happen to be the very people who passed the legislation that authorized both the bailouts and the bonuses, but of course they did that during a crisis and thus had no time to find out what the hell they were voting for.

To correct this situation, some congresspersons propose a 90 percent tax on the bonuses, followed by beheadings, followed by the passage of tough new financial legislation that nobody in Congress will read or understand.

In other economic news, the CEO of GM resigns under pressure from the White House, which notes that it inherited the automobile crisis from the Bush administration. GM is now essentially a subsidiary of the federal government, which promises to use its legendary business and marketing savvy to get the crippled auto giant back on its feet, starting with an exciting new lineup of cars such as the Chevrolet Consensus, a ``green'' car featuring a compressed-soybean chassis, the world's first engine powered entirely by dew, and a 14,500-page owner's manual, accompanied by nearly 6,000 pages of amendments."

http://www.miamiherald.com/living/columnis...ry/1397654.html

You'll find some belly laughs here . . .

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There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises

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