Congress Wins Nobel Prize In Economics
‘Outstanding Contribution’ Was in Leaving Huge Problem Still Outstanding
The United States Congress took a bold step yesterday to prove wrong the three people in the country who doubted the governing body deserved its low approval ratings.
Cobbling together a massive, flawed bailout agreement in the face of an emergency and then rejecting their own handiwork, Congress solidified its reputation as a group of petty, incompetent knuckleheads who only care about getting re-elected.
Still, such behavior did not go unrewarded. In Sweden, the Nobel prize committee announced Congress would share this year’s Nobel Prize in Economics with officials from the Treasury Department and the Federal Reserve.
In announcing the prize the committee noted, “With a multi-thousand page tax code, extensive banking and reporting regulations, oversight from at least four government agencies and a Gordian knot of social engineering laws in place, Congress and the Administration were still able to keep a straight face when announcing the current crisis as ‘a failure of the free market’ and citing the need to give even more draconian power to the people that oversaw the entire mess. That is an amazing achievement which truly deserves recognition.”
Congressional and Administration officials will split the $1.6 million prize money in an effort to make sure they each stay under the $100,000 FDIC insurance limit.
In a related story, the Friends of Nero Foundation awarded Congress it’s Golden Fiddle Award for conduct that “invokes the memory and captures the spirit of massive incompetence” embodied by the former Roman emperor.
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In elementary Social Studies class, a young boy learns that referring to Congress as a ‘train wreck’ is insulting to trains
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