Skip to content

Meltdown for Dummies

October 10, 2008

The Age is running a handy little multimedia page called “Economics Meltdown 101”.  I particularly like this speculation, under the heading “What is the US rescue plan?”:

Even the amount nominated, almost US$150 billion more than the US has spent on the war in Iraq, was not chosen in any scientific way.  A US treasury spokeswoman told Forbes magazine: “It’s not based on any particular data point.  We just wanted to choose a really large number.”

I’ll remember that next time I’m in wage negotiations…

Advertisements
2 Comments leave one →
  1. October 10, 2008 9:28 pm

    Hilarious.

    Working in policy somehow that does not surprise me.

  2. injera permalink*
    October 11, 2008 8:18 am

    Yeah, I would have thought that a figure like, say, “723 billion” would have been more believable in that “well, they’ve obviously done some sums” kind of way…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: