Desperate to avoid another market-crushing defeat, House leaders won key converts Thursday to the $700 billion financial industry bailout on the eve of a make-or-break second vote.
President Bush and congressional leaders lobbied furiously for the dozen or so supporters they’d need to reverse Monday’s stunning setback and approve a massive rescue plan designed to stave off national economic disaster.
Update: I see over on Intrade this morning that the chances of the bill passing by October 31th are up to 94.
Lets start real reform in Washington. Vote no against your Congressman and Senator next month if they voted yes on this dangerous power grab bailout plan for Wall Street. That will catch the attention of the Washington and New York establishment.
Power grab? Why not think of it as the ultimate Power Lunch?
Well, as soon as this scam passed, the Dow took a 400-point dive.
Way to go, Congress!
Well, they passed the pork laden bill. My children and likely my future grandchildren are now in debt. We have all just become wage slaves to the Federal Government and not a shot was fired.
Prepare for hyper-inflation:
http://www.econlib.org/library/Enc/Hyperinflation.html
http://www.sjsu.edu/faculty/watkins/hyper.htm
http://www.shadowstats.com/article/292
The Republic has been ill for some time now. I believe this is the death knell we are hearing.
Alas, dear Lady of Shalott,
the bell that peals and tolls and roils
now sings a sad lament.
And for our part, each mourns as foil,
our dear champion Arthur Rex, is spent.
Yet more than this is now at hand;
fell beasts are at the door;
four horses trample o’er the land,
whilst princes envy the poor.
Behold La Mort de Camelot!
G.H.
“Well, as soon as this scam passed, the Dow took a 400-point dive”
—Jeffersonian [#1]
Post hoc ergo propter hoc.
Remember: there’s a 50% chance that the Dow went down on your birthday.
[blockquote]Post hoc ergo propter hoc. [/blockquote]
LOL…did you watch the real-time Dow trend, I? It was on the way up until the very moment the vote took place. As soon as it passed, the bottom dropped out.
Do you have some other event that might explain this?