Saturday, March 28, 2009

A Geithner-run global economy

Notwithstanding the Treasury secretary's protestations that the Yes/No prompt buttons of Turbo Tax were too complex for a simple soul such as himself, it's no reflection on the hapless Geithner that he's unable to fix the planet. When the Bolsheviks chose to introduce Russians to the blessings of a "command economy" 90 years ago, they were dealing with a relatively simple agricultural society largely contained within national borders. Obama and Geithner are trying to do it with a sophisticated global economy in which North American consumers, European bankers, Asian suppliers, Saudi investors and Chinese debt-holders are more tangled than an octopuses' orgy.

Ah, but this is what pinkos have been dreaming of ever since Das Kapital. Seize the moment, and go for it. And let the stinking peasants foot the bill. That's what they're for.

6 comments:

Tecumseh said...

Back to reality: More to the point, given that, partly at the behest of Obama and Geithner, almost every other Western government is ramping up national debt to cover massive bank bailouts and other phony-baloney "stimuli," is there enough money out there to buy up the debt that's already been run up? Last week, at the official British Treasury auction, investors failed to buy the full complement of so-called "gilt-edged" 40-year bonds. Two such auctions have already failed in Germany. The U.S. Treasury, facing similar investor reluctance to snap up $34 billion of five-year notes, was forced to increase the interest it will pay on them.

Good question. Who's gonna finance all those untold trillions of dollars that the global pinkos are salivating at spending? Answer: Helicopter Ben is gonna simply print them. Get the wheelbarrows ready.

Tecumseh said...

A bio snippet: With a father who worked abroad for the U.S. Agency for International Development and then the Ford Foundation, Geithner lived in Zambia and Rhodesia (now Zimbabwe) as a child.... As it happens, Geithner's father, Peter, at one point oversaw a program developed by Obama's mother, Ann Dunham Soetoro, when she worked for the Ford Foundation in Indonesia. The two met at least once in Jakarta.

We are the world.

Pepe le Pew said...

And let the stinking peasants foot the bill. That's what they're for.
Convergence of thought, at last.

Tecumseh said...

Age-old question, though: who are the peasants, and who are the aristos?

Pepe le Pew said...

The peasants are the ones groveling in the muck while anticipating for replacement by machinery. Not unlike the islamists they so despise, they see it as their duty to snoop around people's bedrooms under the pretext of saving traditional values. The best thing about them is they are a disappearing breed.

Arelcao Akleos said...

For Le Pew it is no longer enough to have mere bouts of peculiar non-sequitorism. Now, they need be madly and bayingly incoherent.
Looking at his "mind" at work is like looking at the flies and maggots scour the dead bones for any remaining vestiges of flesh; and then trying to surmise what life there was once over those bones.