Thursday, January 31, 2008

Recession! LA LA LA LA LA

So I'm sure you've all heard about the Fed's scrambling attempts to stave off a recession....

And I'm sure you've hear the White House's take on the situation:

"I have not heard at all that we have changed our outlook, and we are not forecasting a recession," White House spokesman Tony Fratto told reporters traveling with President George W. Bush to California for the start of a tour of western states.

Anyway, Roy had a twitch of deja-vu and sent me this link about a 2004 statement made by our administration's favorite hulkish dialysis patient, OOoooooOOOoosama bin LADEN. Pertinent quote?

"We, alongside the mujahedeen, bled Russia for 10 years until it went bankrupt and was forced to withdraw in defeat," bin Laden said.

He also said al Qaeda has found it "easy for us to provoke and bait this administration."

As Roy put it, "dude, nobody, myself included, really pays enough attention."

The worst part? I kind of don't even know what a recession means. Like, I know conceptually what it is, but like...what's going to happen? Everything will get more expensive? Our dollar will be devalued? If you're in a recession long enough, then our big corporations can't compete in the global market and the US job market begins to crash? These are guesses, and I'm sure they're only part of the picture. I hate shit like this, when you realize, oh, hey, I'm a fucking grown-up, this is actually pretty scary.

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