Friday, December 19, 2008

Economy is in the toilet

Maybe John McCain's explanation of the looming recession as being "psychological" back during the primaries wasn't too far fetched.
Thirty five years ago today, congressman Harold Froelich claimed that the federal government was falling behind in getting bids to supply toilet paper and "The United States may face a serious shortage of toilet tissue within a few months".
Johnny Carson repeated the claim in his monologue: "You know what's disappearing from the supermarket shelves? Toilet paper. There's an acute shortage of toilet paper in the United States." By noon the next day, most stores were out of toilet paper. Carson apologized for scaring the public, and retracted his quote. The full story is available from

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