Wednesday, April 4, 2012

Dabama Da Bernank

exartizo's picture

Obama: The market tanked today Ben.

Bernanke: Yes. In line with our expectations.

Obama: Yeah I know. How far can we let it drop to see if it will stabilize?

Bernanke: We project that it could drop all the way back to 10,000 if we don’t intervene. It is possible that sub 10,000 could come around shortly thereafter.

Obama: How did we get into this mess?

Bernanke: On the bright side. We did pump up the Dow for the past few months in anticipation of this plan.

Obama: When did we start that again?

Bernanke: Well, after we decided to do “Operation Training Wheels Two” the Dow was at around 11,700.

Obama: So we’ve inflated a roughly 1300 point cushion?

Bernanke: Approximately.

Obama: Is the market going to continue dropping through the election?

Bernanke: No. If the S&P hits 1030 I’ll do another round of QE.

Obama: That’s having less and less of an effect isn’t it?

Bernanke: Yes. Unfortunatley, it is.

Obama: How much time are we buying here before meltdown?

Bernanke: Another year, tops.

Obama: We’re just flying by the seat of our pants here Ben aren’t we?

Bernanke: Yes Mr. President. I’m afraid we are.

Bernanke: Are you sure you really want to be President again this year?

Obama: Look Ben, just try not to give me any more QE until AFTER November if you can, huh? I've been taking a lot of heat for $4 gas prices you know.

Bernanke: I'm not sure that will be possible Mr. President.

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