We'd Like To Thank You Herbert Hoover ... er, Alan Greenspan

Monday, after the biggest one-day drop in the U.S. stock market in history -- following a week in which the country's most established investment banks had toppled like dominoes -- it was easy to think that bread lines might loom in our nation's near future.

For those of us who love musical theater, it was impossible not to start absent-mindedly humming tunes from the sunny Depression-era musical "Annie." (OK, maybe Hank Paulson's spooky resemblance to Daddy Warbucks helped). Here, I've updated one of "Annie's" melodies, "We'd Like to Thank You Herbert Hoover," to give you a tune to whistle to distract yourself from thoughts of the coming Newpression.

And remember... the sun'll come out, tomorrow --

WE'D LIKE TO THANK YOU ALAN GREENSPAN*
(sung to the tune of "We'd Like to Thank You Herbert Hoover")

(*Feel free to substitute Henry Paulson, Dubbya Bushie, Chairman Cox -- or your personal financial bugbear, as long as you can make him "scan." Repeat until your 401k has bottomed out.)

My IRA has lost two zeroes,
My nephew's college fund flatlined.
Those Wall Street guys thought they were heroes--
They've robbed us all blind!

For twenty years the Fed was gloating
Said: Don't you worry your poor heads!
Don't strain yourself about the voting--
We'll feather our beds!

We'd like to thank you, Alan Greenspan
For really showing us the way
We'd like to thank you, Alan Greenspan
You made us what we are today!

You know, we do have our distresses--
We bought our houses zero-down--
So when the lender repossesses,
Hello--- shanty town!

We'd like to stop the Wall Street free-fall
We're sad the moguls have collapsed--
But while they're crying in their Cristal--
We're rationing Pabst.

You said the wealth would trickle downward,
Raining riches in our palms.
But now the gravy train has foundered--
Who's begging for alms?

HEY ALAN!

You sanctified deregulation
And urged the feeding frenzy on--
Your sense of timing's a sensation--
What a pity that you've gone...

Those hedge fund thieves they led such high lives--
Rolling in ill-gotten gain,
But now that they're all taking nosedives,
Why'd we get the pain?

We'd like to thank you Alan --thank you Alan!
For really showing us the way
You spoiled brat, you Bureaucrat, you
Made us what we are today!

Comments

[dadw5boys]

GREENSPAN WARNED YOU!!!!!!!!!

GREENSPAN SAID BEFORE CONGRESS :" THESE ARTIFICALLY LOW INTEREST RATES CAN NOT BE SUSTAINED LONG WITHOUT DOING GRAVE HARM TO THE ECONOMY".

GREENSPAN SAID THIS 3 DAYS AFTER BUSH FROCED HIM THE LOWER INTEREST RATES.

A FEW DAYS AFTER THAT BUSH FORCED HIM THE RESIGN.

GREENSPAN KEEPS COMMING BACK BECUSE PEOPLE WERE NOT PAYING ATTENTION AND WANT TO BLAME HIM.

BUSH IS THE DUDE !!!!!!

[Yermammy]

I'm developing a cookbook for hobo's. The main course will be "Hoover Hogs" (armadillo or ground hog). MMMmm MMm! :) It'll won't sell though, since I'll have to charge 2 dollars for it.

[Pdubya]

Hoover apologized to the American people in his memoirs that he helped create the Federal Reserve and its authority.

"Allow me to issue and control a nation's money and I care not who writes its laws!" Amshell Rothschild

Regulation vs. deregulation is a mute debate when frameworked within a fiat monetary policy. It is akin to arguing over whether the gaping chest wound was caused by the mortar or its shrapnel.

The true free market just trumped their managed market ponzi scheme....Keynesian economics in its death throws.

solutions? a deep recession

it beats dumping more fiat currency into our system that would destroy our dollar and bring on hyperinflation and a depression.

Just like the fat cats did then in 1913. We're just tasting the rotten fruit now since they did away with Brenton Woods in 1971. Instead of being a producer/creditor/savings nation we are now fully a debtor/consumer nation.

Which direction do you want to go? Do any of us think that we will have more liberties in a society with a destroyed currency?

Support HR 2755 - Abolish the Fed.

Call your Reps.

[DuganS1]

Hoover was responsible for more government intervention and action than any other President before him, so I'm not sure how he is relevant to anything that's happening now. And Greenspan bares only a little responsibility for the current crisis. There was plenty both Republicans and Democrats and lenders and borrowers could have done along the stave off this crisis.