Washington (AP)—In an ironic twist of fate, socialist economic policies coupled with burdensome government regulation are being blamed for the -20% contraction in Real GDP for 2010, say a panel of leading economists. “It was doomed from the start”, said real estate czar Donald Trump. “At least I own New York now.”
“The $787 billion stimulus has not worked”, said Nancy Pelosi, who claimed she was not briefed by government officials and Republican senators and representatives. “They flat out lied to me, and did not tell me that the stimulus package was going to fail. They insinuated that it might fail, but did not say outright that it probably would.”
President Obama chuckled and blamed former President George W. Bush and his failed policies. Additionally, Vice President Joe Biden unequivocably blamed Sarah Palin for promoting her ultra conservative hate speech and tea parties.”
Stocks are now down 85% from their October 2007 peak.
Let that bounce around in your medulla oblongata.
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