U.S. Treasury Cowboy Claims Something Done Spooked Economy

In This Section

Vol 48 Issue 41

Taylor Harris

Leukemia sufferer Taylor Harris passed away Sunday afternoon, mere seconds after the Minnesota Vikings and the Make-A-Wish Foundation fulfilled the 9-year-old’s dream of fielding an NFL kickoff.

Secretary Of Interior Decks Smart-Ass Buffalo

LIMON, CO—Saying the 1,800-pound bovine had it coming, Secretary of the Interior Ken Salazar decked a wise-ass bison during his recent visit to the Prairie Ridge Buffalo Farm, sources confirmed Saturday. The prick buffalo reportedly exhibited a shit...

Defense Secretary Warns Of Cyber Terrorism

Warning that Internet worms and malware could devastate the U.S. power grid, transportation network, and financial system, Defense Secretary Leon Panetta urged the nation to invest heavily in cyber security to avoid an “electronic Pearl Harbor....

Outfit Just Screams 'Police Officer'

Mr. Autumn Man walks down the street with a cup of coffee, wearing sweater over a plaid collared shirt, the seed of World War III is planted in a Beijing Middle School gym class, and the nation did not see Mark Wahlberg's sex change coming.
End Of Section
  • More News
TV Listings
Just Like Everything Else!: Fox 8 p.m. EDT/7 p.m. ABC Pete's wife is still on him about building that darn shed, these kids are going to be the death of Sheila and Dave, and the hot next-door neighbor is up in EVERYBODY'S business! Sunday nights on ABC couldn't be any more familiar!

Special Coverage

Holiday

Good Times

Man Considers Nodding Approvingly After Friend’s Drink Purchase

MEQUON, WI—Seeking to convey his endorsement of his acquaintance's selection at local bar Coney's Draft House this evening, area man Thomas Dodge told reporters that he was considering nodding approvingly at his friend’s alcoholic beverage pur...

U.S. Treasury Cowboy Claims Something Done Spooked Economy

The U.S. Treasury Cowboy sets up camp on the National Mall.
The U.S. Treasury Cowboy sets up camp on the National Mall.

WASHINGTON—U.S. Treasury Cowboy Earl “Buck” Laramie gathered reporters around his campfire at sundown Monday, rustled them up some biscuits and bacon, and broke the bad news that “Somethin’ or someone done spooked the economy” recently, resulting in the nation’s financial system running wild and free across the high chaparral.

“Sometimes, with your economy, now, there just ain’t no puzzlin’ it out,” Laramie said as he ladled out beans and watched the sun set over the National Mall. “It might be a rattler, it might be the wind rustlin’ the sage, it might be rumors that strategic metal prices are going to spike and drive up the cost of microchips used in cell phones and computers resulting in a marked decrease in consumer spending. Could be anything, really.”

“Or could be it’s just plumb nothing at all—leastways, nothing a body can cipher out,” Laramie added. “Times like that, you don’t try and suss it. You just cinch your lasso tight, resist the urge to pursue a policy of austerity, and hold on tight as a tick on a long-tailed mare."

Earlier this year, Laramie said, the economy had a real spring in its gait, “lopin’ along about as saucy as you could ask” and holding itself like nothing in the world could put a hitch in its gitalong. Laramie confessed to having been “p’raps a bit too devil-may-care” about the economy’s mood, as it had been “poorly coming on a dog’s age there” and suddenly seeing it happy may have relaxed him “a mite too far.”

The nation’s Treasury Cowboy was appointed by President Obama in 2009.

According to Laramie, his worst fears were realized Sunday evening when, “just as a hangnail moon was peaking over the rim of the [Potomac River] valley, the economy reared, its eyes rolling wildly, and bolted for the horizon while shrieking fit to wake the dead.”

“Sure as shootin’, I got caught with my drawers down,” said Laramie, tipping back his battered Stetson hat with a leathery forefinger. “The economy was good and spooked. Bucked some, she did, sunfished all over on me and plumb near threw her bit, and she might be running still if I’d have loosened up the banking regulations the way the House Republicans wanted. But that’s no way to do it, no sir. You got to set tight and let this stuff play itself out till it’s winded, or you got yourself a case of the damn runaway inflation. And no way to bring it back.”

Laramie, the 46th Treasury Cowboy and an early Obama appointee, has been criticized by lawmakers on both sides of the aisle for his easygoing, laid-back attitude toward market controls and monetary policy, his plainspoken and sometimes rough-hewn manner, and his habit of sitting and playing harmonica on the political fence. His “high lonesome” policies of strong corporate regulation combined with highly structured small-investor incentives have caused some to consider him a champion of the little guy and others to brand him “a maverick,” a label he does not dispute.

However, he strongly rejected the suggestion that he wasn’t doing enough to rein in the skittish, twitchy economy. Hocking a large chaw of tobacco into the nearest spittoon with a resounding ring, he bellowed that those who favor a supposedly more secure “belt-and-suspenders” approach to Treasury policy only advocated such measures “on account of they’re cowardly polecats what can’t even trust their own pants.”

“The economy’s got to run until it’s plain tired of runnin’, is how it is,” Laramie said. “Once it’s tuckered out but good, it’ll be as biddable as you please. But until then, all a feller can do is follow and make sure it doesn’t get lost, founder in the recent panic regarding the potential abandonment of the euro, and do itself a mischief in the high cactus.”

Next Story

Onion Video

Watch More