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From: suhre@trwrba.UUCP (Maurice E. Suhre)
Newsgroups: net.jokes
Subject: State of the Union Satire
Message-ID: <1281@trwrba.UUCP>
Date: Tue, 12-Feb-85 12:08:12 EST
Article-I.D.: trwrba.1281
Posted: Tue Feb 12 12:08:12 1985
Date-Received: Thu, 14-Feb-85 21:11:52 EST
Organization: TRW EDS, Redondo Beach, CA
Lines: 22

The financial community is not completely without wit or satire.
I subscribe to Barron's, partially because I get a kick out of
Alan Abelson's column, "Up and Down Wall Street".  He takes
jibes at anyone in sight, and the politicians usually are!
Excerpted from the Feb. 11 issue:

	In his review of the present condition of the Republic, Mr. 
	Reagan took justifiable pride in the strength of the economy.
	And he again called for passage of the constitutional amendment 
	which would mandate a balance budget.  The President probably 
	fears that his successors might not be as frugal as he and might 
	be tempted to run up some big deficits.

	In one of his few essays into specifics, Mr. Reagan calculated
	that every one percent gain in real gross national product chops
	something like $40 billion off the deficit.  Sounds good to us,
	although we confess we are a bit troubled by the fact that in
	1984, GNP was up by more than three percentage points, but the
	deficit only dropped by $20 billion, not $60 billion.  And in
	1983, GNP was up 3.7%, and the deficit *rose* a tad, $85 billion,
	as we recall.  Must be one of those things that works swell in
	economics but not in the real world.