A Fairy Tale from Paul Krugman…

Settle down kiddies and listen to this, before you nod off to passive sleep and let those Republicans walk all over us…

Once upon a time, …America was a land of lazy managers and slacker workers. Productivity languished, and American industry was fading away in the face of foreign competition.

Then square-jawed, tough-minded buyout kings like Mitt Romney and the fictional Gordon Gekko came to the rescue, imposing financial and work discipline. Sure, some people didn’t like it, and, sure, they made a lot of money for themselves along the way. But the result was a great economic revival, whose benefits trickled down to everyone.

You can see why Wall Street likes this story. But none of it — except the bit about the Gekkos and the Romneys making lots of money — is true.

– Paul Krugman, NY Times

About btchakir

Retired Theatre Producer, Graphic Designer, Usability Tester and General Troubleshooter with a keen interest in Politics and The Stage. Currently heard on WSHC, 89.7 FM (on line at www.897wshc.org) and occasionally dabbling in Community Theatre.

Posted on May 28, 2012, in Art, Business, campaign, Corporations, creativity, Economics, ethics, event, Finance, funny, government, history, humor, Legal, Lies, News, Opinion, Politics, quote, Satire, Taxes, Warning, Word from Bill and tagged , , , , , , , . Bookmark the permalink. 1 Comment.

  1. william wallace

    The reality being the referee having blown his whistle
    & stopped play / not one player but whole AMERICAN
    team sent off the field due to their appalling behaviour.

    The behaviour of americans of late so bad // that the
    case being put before the Almighty by the majority of
    nations being that americans not only be sent off the
    field / but should be in total removed from the planet.

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