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

Best-selling investment author Bill Bonner is the founder and president of Agora Publishing, one of the world's most successful consumer newsletter companies. Owner of both Fleet Street Publications and MoneyWeek magazine in the UK, he is also author of the free daily e-mail The Daily Reckoning.
Bill Bonner

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