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Tom Coburn is a Big Fat Jerk


Home of the Barking Moonbat


Saturday, February 05, 2005

Hang onto your hats

Via Progressive Blog Digest:

Economist <---- (take note of the qualification: Economist) Brad DeLong translates the gibberish for the rest of us: The CEA forecasts a stock market crash.

Now the whys and the wherefores of all this make absolutely no sense to me. And you can pretty much take your pick of the theories rumbling around out there to explain it, which range from the Evil Conspirators Bush and Cheney are Purposefully Triggering a New Depression theory to the Bush is So Stupid and Incompetent, His Brains Got Lost Up His Ass Where His Head's Been For The Last Fifty Years theory.

However, when I read something like this from a wellknown and respected economist:

When the CEA writes that "the stock return and economic growth assumptions [of the Bush administration] are not inconsistent," it is leaving out the logical next sentence. The logical next sentence is: "They are consistent if stock prices fall by more than three-fifths: from 60 down to 22 times current dividend levels."

I start making a list of all the goods I need to buy from the coop (flour, brown rice, whatever) and planning even more gardens out back.

Your future lies in heirloom seeds and lasagna gardening, I'm telling you people! And cut up those credit cards!


At 5:15 PM, Blogger granny said...

That's what I've been saying all along. Don't forget the luxurious luxury of toilet paper.

At 7:42 PM, Blogger Cookie said...


Toilet paper will be a much sought after trade item, once Bush gets his way with the economy.


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