Tuesday, April 21, 2009

 

Government Report: "Oops We Aren't Good With Taxpayer Money"

According to CNBC:
In a 250-page quarterly report to Congress, TARP's special inspector general concludes that a private-public partnership designed to rid financial institutions of their "toxic assets" is tilted in favor of private investors and creates "potential unfairness to the taxpayer."

In related news, the National Academy of Sciences released a report saying that water runs downhill.



Comments:
Depends on how you define "downhill". In my macroeconomic model, we set "downhill" equal to the marginal propensity to....Yada, yada, yada,.....In summary, we demonstrate that through proper application of government spending and money printing, we can coax water to run uphill all by itself.
 
Wait, did the NAS really say water runs downhill? Quick, Bob! Time to pick apart their arguments! We MUST fight the corrupted pro-aqueduct scientists! Anyone who disagrees with you must love giving politicians power!

(This is a reference to the global warming issue, in case you couldn't figure it out already...)
 
http://www.youtube.com/watch?v=2JBsGn6XtaM&feature=player_embedded
 
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