‘Twas Rhetoric That Killed My Bush Boom

From Holden:

Chimpy’s repeated rhetorical claims that the Social Security Trust Fund does not exist and Treasury Bonds are useless pieces of paper – IOUs! – have not escaped the notice of international investors, as my sometimes colleague cookie jill relates over at skippy’s place.

Investors bought a net $45.7 billion in Treasury notes, corporate bonds, stocks and other financial assets, compared with $84.1 billion in February and $92.4 billion in January, the Treasury said today in Washington. The median forecast of 14 analysts surveyed by Bloomberg News called for a net purchase of $70 billion.