Monday, September 29, 2008

The US House Kills The Bailout

Good, stocks are tanking (the DOW lost 500 points in minutes and it is still dropping, almost 800 points for the day). So it begins.

In the next few days the Republicans will get whatever they want into this legislation (I don't know what that is) and it will pass. They can't let this natural adjustment happen, even though it is what should happen. The Rich get a little less rich. I love it, for now. The economy will grind to a halt and everyone will be standing around with their hand on their hips and ask "What happened?" To which we should ALL answer, "Look what you did you greedy bastards."

Wall Street needs this slap in the face and hopefully we can toss some of the people responsible (speculators) in jail, that is if there is a law that covers this. If there isn't maybe the House and Senate can work on that instead of a bailout. They should have a lot of time to do that.

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