Rediculous.
The press is reporting that on Monday the Dow dropped 700 points because the ‘Big Bailout Bill’ was not passed. What about it dropping 300 points because the market thought that it would pass, then dropping another 400 point because it didn’t? What about the 500 point rally on Tuesday? What about it sliding nearly 400 points Thursday after the Senate pass it. What about it sliding nearly 300 points today after it was passed by the House? This thing was supposed to be good news. Why are stocks not rallying at each passage? Why does the media hype the rise and fall of the Dow for their own purposes but omit the real story.
The House is a Pawn of corporate interests, just like the Senate, just like the President, just like our federal governement.
Now I get punished because I’ve been doing the right thing by paying my bills, not accumlating debt and buying a house that I can really afford. The Empire is sending a message to the world that it’s OK to be irresponsible in America, and heck we’ll even reward you for it.
The market correction will still come, it will still hurt, only we’ll have the added baggage of $700B in junk debt and $850B baggage that does with that.
I know. This is just a rant, but I’m getting tired of living in a free country where the government feels free to do what ever it wants.