The Annals of Improbable Research have issued this year’s Ig Noble awards. The awards are given to those who have completed real research…on hilarious issues. This is worth a look!
After “our” representatives in Washington authorized a whooping $700 billion buy up of bad debts, Treasury has announced that they will make available another $900 billion in “loans” to troubled banks. This brings the total of U.S. Taxpayer dollars used to buy bad debt from rich bankers to a staggering $1.6 trillion!
What can you do but laugh? Americans are losing the fight for freedom at home. Previously I laughed at Karl’s great depression. I, in spite of the Dodger’s victories, am starting to feel his sickness.
UPDATE: Now the Federal Reserve plans on buying up $100 billion worth of short-term debt from a large number of U.S. businesses. This brings our total to $1.7 trillion and counting.
UPDATE II: Comrade Pelosi would like to see an additional $150 billion added to the bailout. AND McCain proposes that the Federal government purchase the mortgages of Americans! Holy crap! Folks, we are now approaching the $2 trillion level, still not counting the AIG buy up. While we are at it, let’s socialize medicine, buy everyone insurance, a car to get to work, groceries for a year, a new puppy, pay off everyone’s credit cards and relieve everyone of Federal student debt. Oh, yeah we may have to raise taxes by a marginal 150%. No big deal.
It turns out all we needed was a global economic depression to ease oil prices. I don’t know why we didn’t think of that earlier. So we’ve got that going for us. Which is nice.
First this. Now this, pledging allegiance to Obama:
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