Thursday, September 9, 2010

Economy unexpectedly worse than expected, again

PARIS—Central banks may have to provide additional stimulus, and in some cases governments may have to delay their plans to cut budget deficits to counter a slowdown in the global economy, the Organization for Economic Cooperation and Development said Thursday.

But if you ask The Most Intelligent Member of Congress, Barney Bailout, this doesn't mean that he was wrong and LaRouche was right. You see, if you lie fast enough and subtly enough, you can create an entirely new universe out of a cloud of BS, just a few minutes ahead of reality - one where, in the absence of Glass Steagall, there is a continuing need for bailouts, but where LaRouche who predicted precisely that is somehow wrong.