Thursday, October 22, 2009

Dollar Weakens Following Collapse of Obama Merchandise Market

With the market for Obama merchandise collapsing, and the Treasury selling a record amount of debt to finance a budget deficit that totaled $1.4 trillion in fiscal year 2009, central banks around the world are increasingly snubbing dollars in favor of euros and yen.

American economists favoring government-planning policies failed to predict the remarkably swift collapse of the “Obama merchandise bubble,” leaving hapless investors stuck with Obama pins, t-shirts, and Chia Pets. “These Obama paper dolls aren’t worth the paper they’re printed on anymore,” said one victim of the bursting bubble.

Associated articles: Washington Post; New York Daily News;;;;

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