Quote:
Originally Posted by cologal
Lets get 1 thing straight here....
IT WAS BUSH'S BILL
Paulsen got down on his knees and begged the Democrats to pass the bill. A small group of Free Market Republicans want to let the market work it out. So after 8 years of the Bush Economic Policies the Dow Jones has fallen below the it was when Bush took office...so we have officially gone backwards.
The President approval rating is in the crapper, the Congress can't do anything as usual. This is what happens when the country is equally divided.
We either keep on with this ridiculous finger pointing and political posturing and sit down to work together.
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Today the DJIA was 10,365 at the closing bell.
On July 22, 2002 the DJIA was 7,784 at the closing bell due to the dot.com debacle.
We didn't need a bailout then.
The process for properly having legislation is to have public hearings to get to the WHY and HOW (WHO can found by the Department of Justice) before there is a WHEN and WHAT.
If all of this bailout bill was so important for America, why all the secrecy of its final content until the 11th hour (vote time)? Nobody seemed to have any idea exactly what to do, but many were 100% sure that throwing money at whatever and to whomever would make "things" better. I wouldn't give my kids raises in allowances on information that scanty, let along hundreds of billions to strangers.