Dubya Speaks Again

It used to be that an American wage earner would work so that he could put ‘bread on the table.’ But that is all old hat now. Now, Dubya tells us that American people want to ‘put more money on the table.’

Ladies and gentlemen, we give you the President of the United States of America: “And one thing we want during this war on terror is for people to feel like their life’s moving on, that they’re able to make a living and send their kids to college and put more money on the table.”

It is a curious thought. Why would they want money on the table? They can’t eat it. And in business, you are usually cautioned not to leave money ‘on the table.’ Putting money ‘on the table’ means it is at play. Which is the trouble for most Americans… they have too much money on the table… and not enough tucked away in their pockets.

“I think I understand what he means,” writes our Pittsburgh correspondent, Byron King, “but then again maybe I don’t. What table would that be? The gaming tables at Las Vegas, or the slot machines in the gambling gold rush that is sweeping the jurisdictions of the nation? Or perhaps he means the tables that drape the pay windows at Goldman, where they hand out the cash bonuses. Or the corporate CEO tables, like the guys from Pfizer and Home Depot, who walked off with hundreds of millions after troubled tenures. Or the tables (granite counter-tops, no doubt) in the 25,000 square foot ‘spec’ homes going up in Greenwich, for sale to the hedge fund gazillionaires who suck money out of the pockets of their fellow gazillionaires. Those tables?”

Bill Bonner

Bill Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America’s most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind Markets and Money.

Bill Bonner

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