Helicopter Gordon, Helicopter Nicolas and Helicopter Angela → Washingtons Blog
Helicopter Gordon, Helicopter Nicolas and Helicopter Angela - Washingtons Blog

Monday, October 13, 2008

Helicopter Gordon, Helicopter Nicolas and Helicopter Angela


Fed chairman Ben Bernanke is nicknamed "Helicopter Ben" because he said years ago he would drop money out of a helicopter to fight deflation. And the U.S. has spent trillions in the last couple of months to try to artificially stop deflation.

Now, the European Union is now spending $2.5 trillion dollars on their bailout as well, including hundreds of billions each by British prime minister Gordon Brown, German chancellor Angela Merkel, and French president Nicolas Sarkozy.

Helicopter Gordon, Helicopter Angela and Helicopter Nicolas have now joined Helicopter Ben in throwing money at the problem, instead of fixing the real problems with the world's economy, like derivatives.

No comments:

Post a Comment

→ Thank you for contributing to the conversation by commenting. We try to read all of the comments (but don't always have the time).

→ If you write a long comment, please use paragraph breaks. Otherwise, no one will read it. Many people still won't read it, so shorter is usually better (but it's your choice).

→ The following types of comments will be deleted if we happen to see them:

-- Comments that criticize any class of people as a whole, especially when based on an attribute they don't have control over

-- Comments that explicitly call for violence

→ Because we do not read all of the comments, I am not responsible for any unlawful or distasteful comments.