Dubya, Hank Paulson’s Surrogate Mother, Urged The Bald To Exercise, Sleep
Courtesy of Tyler Durden
Welcome to 1984, where outright propaganda and lies bombard you from current and prior administration officials each and every day. Here is the latest:
And here is our translation:
- Bush has good, fundamental understanding of markets – Interpretation: see here.
- Chinese save too much – Interpretation: Come to America and buy your plasma screens in this country
- Americans borrow too much – Interpretation: Americans LTV is about 10E^TARP
- US will get back every penny put into banks – Interpretation: US will lose every penny put into banks
- Buffet was a "pillar of strength for Paulson." – Interpretation: Buffett’s multi-billion bet on the S&P never declining was a future pillar of destruction for BRK
- He couldn’t say no to his country on Treasury job – Interpretation: he couldn’t say no to the opportunity to cash out of his $700 million Goldman stock stash
- A faltering Chinese economy would be bad for U.S. – Interpretation: see here.
- Without TARP US would have had 25% unemployment – Interpretation: With TARP Lloyd Blankfein will be a trillionaire, as companies cut SG&A to 0, unemployment hits 100% and Net Income becomes Revenue.
- Chinese need to reform currency – Interpretation: We need to kill the dollar, those bastards over there are making it impossible.
