Bush says I got a B in Economy 101

Whats worse: the leader of the free world got a B in economy 101 or that he lied about it! Apparently his real grade at Yale was what would be equivalent to a C-.
flavioribeirosays...

He had 7 years to balance the budget. Instead, his administration (with the help of the Congress) unbalanced it to historical levels, and now he hypes an invisible, magical plan to make it all ok by 2012, which he obviously will never execute. It's trivial to give tax discounts when you're borrowing money from the Chinese at the rate of $2-3 billion per day.

Yesterday I was watching Bernanke's testimony to the Congressional Budget Committee, and he said he believed in the "law of arithmetic", i.e., that expenses and income should be balanced. I was already pissed that the economist heading the world's largest central bank couldn't come up with anything better to say, and then comes a congressman (whose name I've forgotten), and says "well, that's a law we should pass in Congress", after which they laugh.

All that's missing is the blackjack and the hookers.

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