Congress passes, without reading it, and without actually finishing writing it, a stimulus package totaling $787 billion. The money is immediately turned over to American taxpayers so they can use it to stimulate the economy.
No! What a crazy idea THAT would be! The money is to be doled out over the next decade or so by members of Congress on projects deemed vital by members of Congress, such as constructing buildings that will be named after members of Congress. This will stimulate the economy by creating millions of jobs, according to estimates provided by the Congressional Estimating Office's Magical Estimating 8-Ball.
Despite this heroic effort, the economy continues to stumble. General Motors, which has sold only one car in the past year — a Buick LaCrosse mistakenly purchased by an 87-year-old man who thought he was buying a power scooter — announces a new four-part business plan, consisting of (1) dealership closings; (2) factory shutdowns;(3) worker layoffs; and (4) traveling backward through time to 1955.
The stock market hits its lowest level since 1997; this is hailed as a great investment opportunity by all the financial wizards who failed to let us know last year that the market was going to tank. California goes bankrupt and is forced to raise $800 million by pawning Angelina Jolie.
The Obama administration's confirmation woes continue as Tom Daschle is forced to withdraw as nominee for secretary of Health and Human Services following the disclosure that he, too, failed to pay all of his federal taxes. He blames this oversight on the fact that his tax returns were prepared by Treasury Secretary Geithner. . . .
MARCH
An angry nation learns that the giant insurance company AIG, which received $170 billion in taxpayer bailouts and posted a $61 billion loss, is paying executive bonuses totaling hundreds of millions of dollars. This news shocks and outrages President Obama and members of Congress, who happen to be the very people who passed the legislation that authorized both the bailouts and the bonuses, but of course they did that during a crisis and thus had no time to find out what the hell they were voting for.
To correct this situation, some congresspersons propose a 90 percent tax on the bonuses, followed by beheadings, followed by the passage of tough new financial legislation that nobody in Congress will read or understand.
In other economic news, the CEO of GM resigns under pressure from the White House, which notes that it inherited the automobile crisis from the Bush administration. GM is now essentially a subsidiary of the federal government, which promises to use its legendary business and marketing savvy to get the crippled auto giant back on its feet, starting with an exciting new lineup of cars such as the Chevrolet Consensus, a “green” car featuring a compressed-soybean chassis, the world’s first engine powered entirely by dew, and a 14,500-page owner’s manual, accompanied by nearly 6,000 pages of amendments.
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