I know it is much more complicated, but the immediate result of today's House vote was a record drop in the Market. The results are huge losses in retirement accounts, mutual funds, and other investments, meaning the the main streeters like us lost greatly. I don't know what the effect of the bailout will be. It may be worse. It may make things better. It could go either way.
John McCain put all of his eggs in the basket, lied about suspending his campaign and worked his way back to Washington to save the day. Obviously, he has as much influence as his buddy "The Shrub" when it comes to winning an important vote such as that which took place today.
So, who is to blame? Well, the immediate blame goes to the Republicans, who voted against the bill. The market is down and who knows where it will go from here? We have lost great sums of money in retirement investments today. Credit just got much tighter for homeowners and businesses. What else can we expect from these people who have dominated the White House and the Congress for most of the last eight years? If they haven't dominated, they have stymied and vetoed. Now we have a mess, and they vote to prolong it.
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