Wednesday, May 11, 2016

Two Out of Three Wrong Ain't Bad

June 6, 1985
Ronald Reagan: Remarks at Northside High School in Atlanta, Georgia

Just yesterday we got an announcement that government short-term bonds—the interest rates for the first time since 1978 have dropped below 7 percent.

Hurray! The 3-month treasury bill now yields just 0.25%.

You'll be better situated to pay for college.

Still working on that part. It's coming any moment now. Just need to pay off the $1.4 trillion in student loans first.

We're going to close the unproductive tax loopholes that have allowed some of the truly wealthy to avoid paying their fair share.

Still working on that part too. Our latest plan to make it happen involves attempting to elect an egocentric and narcissistic billionaire associated with the casino industry to heavily tax billionaires such as himself. Cunning plan. When all else fails, put the fox in charge of the fox house. Genius!

In hindsight, two out of three wrong ain't bad.


mab said...

But there ain't no Coupe de Ville hiding
At the bottom of a Cracker Jack box

Awesome lyrics to that song. And one of the best albums ever!

Somehow, I think Eddie Lampert is going to need more than 2 out of 3 to make up for his all-in Sears bet.

Hedge funds are such a joke.

Stagflationary Mark said...

Best Hedge Fund Joke Ever!

mab said...

Indeed! Sadly, thanks to the likes of CNBC, perception is reality.