The Burgers of Schilda

[cobra de capell]

From the web.....

We tend to forget that ‘bank’ is the first part of ‘bankruptcy’. Mr Barack Obama’s problem, however, seems to be a bankruptcy of ideas. No one I spoke to — and among them were high officials of finance — is yet certain how the most powerful economy in the world turned into a cashless casino. Mr Obama’s solution is to flood the casino with money so that the game does not suddenly stop. How much money? A trillion dollars, and more to come. What happens when the dollar starts to slip to the value of printing ink? China, which has invested heavily in dollars, is getting edgy. Nobel Prize winner Paul Krugman is not impressed by Barackonomics. He writes that Mr Obama is squandering his political capital by replicating a solution even Mr Bush abandoned: Cash for trash. The Titanic might leave the dollar on thin ice.

And these....

Who would have thought that the first word might serve as the last word and the first word would be uttered by Mr George W Bush? Mr Bush’s plaintive analysis of the Greatest Crisis in Human History was pithy: “If money isn’t loosened up, this sucker could go down.” All right, not quite how Keynes or Galbraith might have put it, but elegance was not the issue when the Titanic hit the iceberg. One suspects Mr Bush rather enjoyed the thought that the sucker might suck someone else down.

I miss W.