South Park offers best illustration of Economy Crash yet
by Ikonoclast | 12:43 am, March 31, 2009 | Comments Off
The most recent episode (original air date: 25 March 2009) of the iconic television comedy South Park brilliantly skewers the current financial crash and economic meltdown – and the absurd reactions of much of the public (and even more so the absurdity of the Obama government policy measures).
The episode brilliantly lampoons bank failures, individual spending excesses, auto workers and the auto industry, and of course Wall Street. The explanation of financial bundling and mortgage securitization is a hoot – particularly the recurrently uttered laconic “oh sure, that makes sense.”
The high point of the episode, IMNSHO, is the segment in which Stan visits the Treasury Department attempting to offload a “toxic asset” his dad had purchased (since assumed by the government). The highly rigorous econometrics applied by the Treasury Department officials determines the value of the “asset” (a Margaritaville blender) to be 90 Trillion dollars – although he of course can’t actually redeem it for that amount. No, the only way out – determined through another rigorous application of economic calculus – is a government bailout (as Stan figures out just how our Treasury system works).
Fortunately, Kyle’s common sense end up saving the day - but you’ll never guess who gets the credit, according to the “objective” news media.
Once again, the boys hit it out of the park – South Park, that is.
Tags: bailout > South Park
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