Rats Make Out in the Recession

Hard Times? Getting Repoed, Foreclosed on? Well one population segment is loving it, the rats. In the U.K. rats are having a party:

As the biggest economic bust in 60 years fostered a boom for rodents, municipalities were called an estimated 700,000 times to deal with infestations in the last 12 months, compared with 650,000 the previous year, said Peter Crowden, chairman of National Pest Technicians Association Ltd.

The rat population has swollen by 13 percent this year to more than 50 million, one for every person living in England, according to an industry consensus cited by Crowden. Rats and mice are capable of spreading more than 35 diseases, including a fever inducing nausea and muscle aches passed to humans either via a bite or the rodent’s urine.

Detroit Urban Blight

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A Sinking Ship Drowns All the Rats.

A Sinking Ship Drowns All the Rats.

A sinking ship drowns all the rats,
It used to be, a rising tide lifts all boats,
But not now, when we’re all eating cats!
And the SEC picks out the sacrificial goats.

Hayek said, higher-order goods are volatile,
Engineers are laid off first, salesmen last,
But now everybody the economy does rile,
Even restaurants fail as the people do fast.

Issuing the world’s reserve currency was
Like writing checks that no one cashed.
Instead they bought our T-bills because
We had nothing to sell. But it didn’t last.

China is now worried about the T-Bill.
If we stiff them, their army might come,
And if their treasury we cannot fill,
Wen Jiabao will break Obama’s thumb!

But not to worry! Obama says he’ll cut
The federal deficit in half. Just in time
For the election, we’ll jump out of that rut,
And the juggernaut will turn on a dime.

Yeah, right! And maybe aliens will come
And rescue us all with their technology.
Does Obama really think we’re that dumb?
To have bought a pie in the sky, we must be.

For reference:

At China 'worried' about safety of US T-bills we read:

"The Chinese prime minister, Wen Jiabao, said he was 'worried' about its holdings of US Treasuries and called on the United States to provide assurances that the investment was safe.

"Mr. Wen sought added reassurances on that front on 13 March 2009, calling on the United States to "maintain its good credit, to honour its promises and to guarantee the safety of China's assets."

At Official: Obama plans to slash deficit in half we read:

"President Barack Obama has committed hundreds of billions of dollars to help revive the economy and is working on a plan to cut the federal deficit in half by the end of his first term."

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website: www.axiomaticeconomics.com

motto: Critiques and rebuttals are how science advances.

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