Whew, another year has flown by, and it's been a news-filled one for the US economy. Here's a look at the economic year in review, in verse, inspired
by the classic "A Visit from St. Nicholas," often attributed to Clement Clarke Moore.
'Twas the day before Christmas and all through the land,
The economy was stirring, though it still needs a hand.
We've hung up the stockings, and spent without fear
With hope a jobs rebound will soon be right here.
But while looking ahead, we must also glance back;
It's been quite a year. Business news? There's no lack.
Things started off cool – at Dow 10-4-2-8.
"ObamaCare" was coming, but would it be great?
Investors were fretting, not sure what to trust.
Was China an engine or starting to rust?
By September we'd learn the recession was over.
Since June of '09 we'd been living in clover.
To be more precise, GDP has been growing,
While incomes and jobs – well, not much was flowing.
The stimulus helped, at least so it is claimed
By the many disciples of John Maynard Keynes.
The bankers were nestled all snug in their beds,
While visions of bonuses danced in their heads:
"What need for that TARP? We are cleaning our books,
Quickly signing foreclosures. No, you don't need to look."
One day out in 'Frisco there arose such a clatter
I sprang from my desk to see what was the matter.
Away to the TV I sped like a bomb,
And opened my browser to Apple.com.
I purchased that tablet without even thinking.
And soon its sharp screen in my fingers was blinking.
Yes, maybe there's life in that good private sector!
But it had downs and ups like a movie director.
Is oil the next fountain of wealth and of jobs?
May be, but this year it was oozing in blobs.
BP's spill in the Gulf, it was finally capped,
But it grounded the shrimpers, and profits were zapped.
The media mavens were part of the story,
As the battle for audience became a bit gory.
Some networks and papers edged out of recession,
But the Web was the platform for loudest expression.
And then, in a twinkling, he heard on the roof
The prancing and pawing of ... some sturdy hoofs?
He looked out his window and saw Sarah Palin,
And were those some caribou that she was trailin'?
That's just one of the worries as the year nears its end.
Will the Euro zone crash? Will stocks keep their trend?
But a wink from the Fed chief, it tilts me toward cheer:
"Happy Christmas to all, and a good-filled new year."