Monday, September 29, 2008

Politics: The Ultimate of Dumbshittery.

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Rep-Press made this probably assuming that the bill would pass. As we can see, it didn't. As you can see, I made comments earlier about the bailout compromising our capitalism. For the record, Obama came out in favor of it, McCain said 'maybe'. But, we'll never know with absolute certainty because neither of them got to vote for it.

But, it would have been SOMETHING DONE rather than NOTHING DONE, so the market was depending on it. It has now come out that some sort of partisan argument started by Pelosi (so say the republicans) caused some people to vote against it. 95 of the democrats voted against this bill (140 for it), and Pelosi has come out saying that the democrats held their end of the bargain. Rather difficult to accurately say when well over a third of their house members voted against it.

Republicans voted against it rather overwhelmingly (65 yes 133 no). Looking at this bill, it's not very republican. It spends a lot and involves a form of socialism. Even though McCain had talked about backing it, the conservative agenda doesn't normally go for this kind of thing.

The Scorecard for the 700 Billion Dollar Bailout Bill

The ultimate result of this has been that the Dow Jones Industrial has fallen like a damn rock. Today it lost 777.68 points putting it back near the 10,000 mark at 10,365.45. The Do-Nothing Congress has once again done nothing. They need to immediately go back to the drawing board and create SOMETHING that will fix this situation. Economy dropping like a rock coupled with no gas in the southeast (where I live) is killing the morale of the people.

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