At one point during the evening, when pressed about whether his Quantitative Easing program was good for Wall Street at the expense of Main Street, [Fed chairman Ben Bernanke] flat out denied it, saying that such a premise is "simply not true".”Beneficial for society”. Unless, I suppose, you’re retired and living on a fixed income and getting killed by artificially low returns on your interest-bearing investments, in which case you probably won’t be able to buy a car. Well, you retirees need to be walking more, anyhow. It’s good for you.
He defended his printing $85 billion per month, suggesting that fixing interest rates at zero is beneficial for society because, among other things, it allows people to 'buy cars'.
But if you really insist on getting some wheels, may I suggest the services of Premium Automotive Carriages Online? Check out this week’s special deal: a 1948 Packard sedan!
One legitimate owner - a little old lady who only drove the car on Sundays to take cigarettes to her son at the, um, license-plate factory. Interesting, er, two-tone paint job. Accelerates well going down hills. Will throw in new paper floor mats, cunningly designed to look just like sections of the Washington Post (Class!) Don’t miss out on this chance to own a piece of automotive history. Why, with a can of Turtle wax and a little elbow grease, she’ll look like this in no time at all…