Despite the New York Times long history of promoting non-existent WMD and denying the existence of millions of starving Ukrainians, as a New Yorker I have a deep loyalty to the “paper of record”. In particular, reading any article in the Times that touches on economics is always the high point of my day, each attempt to read to the end without laughing is always happily futile.

Just today, we are treated to the spectacle of the Times waving it’s pom-poms , assuring the reader that yes, TARP is a bonanza for the much beloved taxpayer. “About $4 Billion So Far” the article assures us all heavy breathed, but I couldn’t long control my laughter as the third paragraph tells us “there early returns are by no means a full accounting”, effectively shooting to hell the rest of the article.

I’d stop buying the Times, but laughter is the best medicine…