Terence Corcoran has lots of examples in his latest Financial Post column:
For months now Europe has been searching for the big bazooka of economic policy to get it out of its fiscal mess. Exactly when bazookas became a core principle of economic policy isn’t clear, but it is today everywhere in use. Google “euro and bazooka” and you’ll see what I mean.
In the high precincts of economic analysis, there is general agreement that Wednesday’s move by central banks, including the Bank of Canada, the Federal Reserve and the Bank of England, to make cheap dollar loans available to European banks, while a major bailout event, falls short of reaching the level of intervention required by the high priests of bazookanomics. “It’s not the bazooka the market was seeking,” said a Wall Street Journal report.
One of the early users of the word was Hank Paulson. As U.S. treasury secretary in 2008, he famously said, “If you have a bazooka in your pocket and people know it, you probably won’t have to use it.” At the time, his theory was that the U.S. government would not have to take over control of Fannie Mae and Freddie Mac because just having the power to take them over was good enough stop a bond market run on the two bankrupt mortgage backers at the heart of the U.S. housing crash.
Stunningly Stupid … and if you happened into the LCBO this past weekend you might have noticed a cartoon-style label on a bottle of Bombing Range Red with a red sticker adorning a certain part of the label. For those who were curious and intrepid enough to remove the sticker, expecting to find profanity or nudity you were disappointed to find a glass of red wine that (with the right amount of imagination) might have resembled a bomb — or at least a glass with a bomb-style fuse. Is this a case of political correctness gone amok? Or is the LCBO afraid we’ll get bombed upon seeing the sight? Personally I am stunned at what the higher ups at the LCBO find offensive or what they think we are too … I don’t know … childish, immature, delicate (you pick your word) to see? As it turns out the truth is even more stunningly stupid then I originally thought. It was ordered to be applied by the LCBO Quality Assurance Department, because the pilot is holding a glass of wine and as part of the LCBO’s social responsibility function they don’t want to give you the impression that it is a responsible action to drink and fly … So instead of taking it as the cartoonish fun that it is, the LCBO has to go and ruin it; but the last laugh is on the Board, because anyone worth their salt will be peeling that sticker off post-haste with a “why the f**k did they cover that” question on their face and on their lips. Thanks for being there to save me LCBO, from the evils that men do.
