Filed Under: 2008 Congressional Election, 2008 Presidential Election, Economy, Energy, Featured, Markets, US Congress, US Treasury
No visible means of support and you have not seen nuthin yet
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The House of Representatives today passed the Senate version of the $700 Billion Bail-out. For now, it’s over. Bush signed the bill shortly after the vote, and we have not seen nuthin yet.
In case you haven’t noticed yet, the market is not exactly tripping over itself to show its appreciation. After the announcement of the bill passage, the Dow lost all of the 200 or so points it had gained today, and then some.
I haven’t even had time to read the bill yet, but have heard so far that there’s some pork. It shouldn’t surprise me that our Congress, while debating the bill most …