Following the Bush administration's massive bailout of the banking system, many economists are warning that the effort may have little effect on the overall economy, comparing the furtive start to the flow of liquidity, to some of the complications of an enlarged prostate (benign prostatic hyperplasia).
Harvard professor of Political Science, Barney Hampton, observed, "With such complications, 'the stream is slow to start' and such problems 'make directing the stream difficult'. Most economists are expecting a 'dribble' rather than a 'steady flow' of liquidity."
"Such problems are characterized by the sensation of 'needing to go again soon' after the stream has started, and many economists warn that further bailouts may be necessary," Professor Hampton continued.
"Just as 'Trickle-Down Economics' resulted in CEO's raking in multi-million dollar salaries, but left most American's upside down in their mortgages, we can now see that Bush's latest 'welfare plan for the rich', is not likely to trickle down on the average American," Professor Hampton warned.
"Now the banks have what they wanted...billions of dollars of free money. They have been some of Bush's biggest campaign contributors, and now they have no reason to share the loot with anyone else. Now, of course, the taxpayers must pay for this money...which will ultimately wipe out the middle class...leaving America a Third World Country...with super-rich bankers, and everyone else living in destitution," Professor Hampton concluded.
Editors note: Evan Essence received his Masters Degree in Journalism (2003), and his PhD in Political Science (2004) from House-of-Spam Internet Marketing