Archives: 01 April 2009

Points to Ponder

On April Fool’s Day, it seems apropos to consider a few things and ask yourself if you ever thought you’d see the following headlines in America:

- ADP Report shows worst ever job losses in March 2009; stocks surge on the news.

- US President fires CEO of a private-sector corporation after the government shuffled tens of billions into the zombie firm.

- US Congress considering measure to set pay levels for ALL employees of any firm in which the US Govt. has taken a ‘capital position’.

- The Federal Reserve and US Treasury have now spent a year’s worth of Gross Domestic Product on rescuing financial firms.

No folks, we’re not making this up.

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