WASHINGTON (The Borowitz Report) – The US economy suffered another setback today as Moody’s downgraded the US’s credit rating to “It’s Complicated.”
At the Treasury Department, Treasury Secretary Timothy Geithner acknowledged that an “It’s Complicated” rating was not ideal but added that he was hopeful it would not affect the Chinese government’s level of interest in Treasury bonds.
“We have sent a friend request to China this morning,” Sec. Geithner told reporters. “We are still waiting for them to friend us back.”
But in an extraordinary step, the Chinese government announced today that it was “blocking” the United States, suggesting that its relationship with US Treasuries was at an end.
Perhaps attempting to soften the blow, the Chinese government later issued this official statement: “It’s not you, it’s us.”
In other economic news, the US added jobs in the auto sector, which for many Americans is now the same thing as the housing sector.