Wednesday, December 31, 2008

Dave Barry year in review

It's funny because it's true:
In economic news, the price of gasoline tops $4 a gallon, meaning the cost of filling up an average car is now $50, or, for Hummer owners, $17,500. Congress, responding to the financial pain of the American people, goes into partisan gridlock faster than ever before, with Republicans demanding that the oil companies immediately start drilling everywhere, including cemeteries, and Democrats calling for a massive effort to develop alternative energy sources such as wind, the sun, tides, comets, Al Gore and dragon breath, using technology expected to be perfected sometime this millennium. It soon becomes clear that Congress will not actually do anything, so Americans start buying less gasoline.

...But the presidential campaign is soon overshadowed by the troubled economy. The federal government is finally forced to take over Fannie Mae and Freddie Mac after they are caught selling crack at a middle school. But that is not enough, as major financial institutions, having lost hundreds of billions of dollars thanks to years of engaging in practices ranging from questionable to moronic, begin failing, which gives the federal government an idea: Why not give these institutions more hundreds of billions of dollars, generously provided by taxpayers?

This plan is discussed and debated in urgent meetings in Washington attended by the president, the Cabinet, congressional leaders, Sen. Obama, Sen. McCain and all other concerned parties except the actual taxpayers, who are not invited because they are, with all due respect, way too stupid to understand high finance. The taxpayers are repeatedly assured, however, that unless they fork over $700 billion, the economy will go right down the toilet. And so it comes to pass that in . . .

OCTOBER . . .
Congress passes, and Technically Still President Bush signs, the Emergency Economic Stabilization Act of 2008, and everyone heaves a sigh of relief as the economy stabilizes for approximately 2.7 seconds, after which it resumes going down the toilet.

...As the crisis worsens, an angry Congress, determined to get some answers, holds hearings and determines that whoever is responsible for this mess, it is definitely not Congress.

...As it becomes increasingly clear that the federal government's plan of giving hundreds of billions of dollars to dysfunctional companies has not fixed the problem, the government comes up with a bold new plan: Give more hundreds of billions of dollars to dysfunctional companies.

...More and more companies seek federal help, among them the troubled "big three" automakers, whose chief executives fly to Washington in three corporate jets to ask Congress for $25 billion, explaining that if they don't get the money, they will be unable to continue making cars that Americans are not buying.
Read the whole thing, which is brilliant as always and includes some rather pointed jokes at the expense of the New York Times.

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