The Titanic Cliche is really popular these days when talking about the economy. Cenk Uygur over at the Huffington Post recently blogged about the renomination of Fed Chief Ben Bernanke. And once again RMS Titanic makes an appearance:
“I had large misgivings about Ben Bernanke before his hearings began. He’s given credit for steering our economy to safe shores after we hit an enormous economic iceberg. First, I would argue we are nowhere near safe shores. Second, why are we rehiring the guy who steered the Titanic into the iceberg in the first place?”
Poor Captain Smith. Not only the captain of a ship that collided with an iceberg and sank, but now tied to sinking an economy as well. 🙂