Readers with a long memory for the unpleasantness of the Carter era may recall this report:
Maverick Economist Alfred Kahn has a penchant for candor that is both refreshing and dangerous in Washington. When he said that there is the possibility of a “deep, deep depression” if inflation continues to soar, the President was furious. Kahn responded by purging the word depression from his vocabulary and instead using “banana.” So he now says: “We’re in danger of having the worst banana in 45 years.”
As Carter’s chairman of the Civil Aeronautics Board, Kahn was one of the Carter administration’s few bright spots. He passed away late last year at the age of 93.
As we struggle with Obama’s banana, Kahn comes to mind in connection with Nancy Pelosi’s latest brainstorm. The Hill reports: “Pelosi drops the word ‘stimulus.'” Hill reporter Mike Lillis explains: “Though the House minority leader and her caucus are still pushing an economic stimulus agenda to save the economy, they’ve radically changed their rhetoric with the hope of winning over voters who saw ‘stimulus’ as close to a dirty word.”
How little do Pelosi and her fellow Democrats really think of the American people? In their heart of hearts Pelosi and company can hear the voters calling Kick me again, I’m stupid!