It’s a riff (I suspect) on a recent Barney Frank comment, when Bernanke was testifying before Congress recently... mostly about what a wonderful job he did to a.) help Greenspan wreck America with easy credit then b.) how his Fed saved it by bailing out Goldman Sachs!
Franks's response (paraphrased): "Chairman Bernanke, I'm a politician and feel I must tell you that no one ever got re-elected on the slogan: 'Imagine how much worse things might have been otherwise!'"
So (again) here's my favorite quote this year –from Adbusters.org #82 -- “Endgame Strategies”: "When the plane's in trouble, it's no use shooting the pilot. You need a parachute!"
In short, never lose your sense of humor. But most importantly, never stop working on that parachute!