I was out last night and I met a charming woman. We had a very friendly conversation and as it turned out she makes her living as a market analyst. After speaking for a bit, she asked me how I would describe the economy and stock market during the last 18 months or so. This is what I told her.
A car is speeding at 60 MPH toward the edge of a cliff. George W. Bush is driving and Hank Paulson is in the passenger seat. As they get closer to the cliff, they rig the steering wheel and gas pedal to keep going, and they jump out of the speeding car and roll to safety. They dust themselves off and go about their day.
Barack Obama and Tim Geithner emerge from the backseat of the still speeding car. They contort their positions and get into the front seats via the sunroof. Thinking quickly, Obama and Geithner remove the rope from the steering wheel and the brick from the gas pedal. They let out a big sigh of relief.
Not wanting to waste time, Obama shifts gears, and pushes the gas pedal to the floor and accelerates to 120 MPH, still heading toward the cliff.
Makes sense, doesn’t it? She thought so too.
Tags: Bush, Debt, Economy, Geithner, Government, Obama, Paulson