It's amazing @ the level of denial Americans seem to have.... It makes you wonder with the election in less then 49 days, how the GOP will manipulate the perception that everything is O.K. Just sit back & elect McCain & watch how low America can really go. Elect 4 more years of this reckless administration & remember that nothing is so bad, that it can't get worse......:)
Dark Monday... The Worst Day on Wall St. Since 9/11
Tuesday....Feds Bail-OUT AIG for 85 Billion$$$
Which is like using one credit card to pay another...
WednesdayClosing Bell Down 451.88......UGH!!
ThursdayBest Rally Since October 2002....
Catch your breathe & see what happens..:)
FridayBush addresses crisis without owning-up...
Updates to come...
5 comments:
I know Americans are concerned about the adjustments that are taking place in our financial markets. We're working to reduce disruptions and minimize the impact of these financial market developments on the broader economy.
Note***
Stated September 15, after Wall St
fell 300 points. After these remarks
Wall St fell another 200 points...
Bush says: "We're working to reduce disruptions and minimize the impact of these financial market developments on the broader economy." What specifically, Pres. Bush, what SPECIFICALLY have you done to help the market through these times?
I'm not hearing anything concrete from you. Nada. Zip. Bupkus.
Bush and McCain are in such denial, I want what ever meds they are on.
I'll just be so glad when the Republicans are out and the Demos can get in to clean up the God awful mess "The Cowboys and Mavericks" have created.
Reminds me of real estate descriptions. 'SOLD AS IS" !!!!!
Don't let them tell you this economic meltdown is a complicated mess. It's not. Our national financial crisis is readily understood by anyone who has seen greed and hypocrisy. Conservative Republicans always want the government to stay out of business and avoid regulation as long as they are making lots of money. When their greed, however, gets them into a fix, they are the first to cry out for rules and laws and taxpayer money to bail out their businesses. Obviously, Republicans are socialists. The Bush administration has decided to socialize the debt of the big Wall Street Firms. Taxpayers didn't get to enjoy any of the big money profits on the phony financial instruments like derivatives or bundled sub-prime paper, but we get the privilege of paying for their debt and failures.
The attempt by Paulson to put a gun to the head of Congress and terrify them into forking over a $700 billion blank check to the Bush administration in 48 hours has failed. Now what? Most Americans would just as soon allow the Masters of the Universe to sink in their own folly. They had the party; let them clean up the mess. But, looking at sinking housing values and shaken retirement accounts, most Americans know something has to get done.
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