Another group of street theater enthusiasts, the "Billionaires for the Bailout" -- yes, the same folks who brought us "Billionaires for Bush" -- dressed in tuxes and tails and shouted satiric thank-yous to taxpayers for handing over $700 billion. ("Thank you for covering our assets!" was a recurring line.) Nearby, a person wearing a massive, papier-mache head of Treasury Secretary Henry M. Paulson Jr. danced to the tune of "Money (That's What I Want)" while confederates held aloft a sign that read "US Treasury Under New Management: Goldman Sachs." ~WaPo reports.
I love street theater, and *Think Art*. Who knows where this bailout business will end, really, but Bankruptcy and Depression come to mind. It's no mystery who will be left with the short end of the stick. Ooops! Your 401k retirement savings just disappeared, at the same time Social Security money will follow the same hocus pocus disappearing act.
And while we are covering New York & economic news.....
Talk about a *Sign of the Times*, the National Debt Clock in Times Square has reached it's limit.
The New York Post reports:
If you think the national debt is bad, the people who own the National Debt Clock are even more pessimistic: They're planning on reformatting their Times Square-area ticker so it can keep track of a debt 100 times bigger than the current $10 trillion.Would someone please send a memo to Bush, letting him know this is not the way to forge a legacy?
With the national debt now at $10.2 trillion, the late Seymour Durst's legendary National Debt Clock has run out of space. To fix it, the Durst Organization plans to add places for two extra digits next year, a spokesman said.
The digital dollar sign now on the clock will be switched to a number one - the "1" in $10 trillion - until the sign can be redone.