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After two years, few visible signs of the recovery emerged. But the swindlers kept on working, and hardly anyone spoke out of fear of the repurcussions. At the mid-term elections, the emperor suffered relatively few losses, maintaining the upper hand in the Senate. So the swindlers asked for more leverage--larger tax cuts, tighter money supply. The emperor complied...

Author: By Jacob M. Schlesinger, | Title: The Emperor's Recovery | 8/12/1983 | See Source »

Soon, it came time for the emperor to decide whether he wanted to rule for four more years--a decision based largely on whether the recovery would continue well into the crucial election year. A few weeks before Labor day--the date he set for announcing his intentions--he went to see the recovery himself. The newest figures showed that unemployment was at 9.3 percent, considerably lower than the 10.8 percent the year before, but still higher than at any time since the Great Depression. Poverty was more widespread than ever in 15 years. Inflation was down, but only until...

Author: By Jacob M. Schlesinger, | Title: The Emperor's Recovery | 8/12/1983 | See Source »

...assistants, and all of the movers and shakers saw the same evidence. But once the emperor made his statement, they too feared reprisals, so they suppressed these bad thoughts and publically proclaimed a celebration. A leading member of the Senate howled. "We've licked the recession, "We've licked inflation...now we've got unemployment on the run." Even the normally cynical media concurred. "U.S. Jobless Rate Plunges a Half-Point to 9.5%," one headline screamed. Another paper said that "economic recovery [is] apparently gaining strength...

Author: By Jacob M. Schlesinger, | Title: The Emperor's Recovery | 8/12/1983 | See Source »

Heartened by this reception, the emperor walked among the people. "Hurray for the recovery, "they cheered. "Four more years," some yelled...

Author: By Jacob M. Schlesinger, | Title: The Emperor's Recovery | 8/12/1983 | See Source »

Sensing displeasure, the emperor turned to the crowd. Shaking his head back and forth, and tightly pursing his lips, he spurted "There you go again. I've had it up to my kiester with this hypercritical look at my administration. "He identified the young child as a Soviet spy, and had him placed under FBI surveillance...

Author: By Jacob M. Schlesinger, | Title: The Emperor's Recovery | 8/12/1983 | See Source »

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