So this is what regression feels like
The dow fell over 500 points in 3 seconds today. Congress, too afraid of not being re-elected, did not do their job. No one liked the bail out package, but without it, we will cease to be a great society - possibly even a society.
We have made money the means for our exchange. Therefore, it is the lifeblood of our country. We've placed our trust in a piece of paper that is not backed by anything - that only holds value because we believe it does.
Congress just used up any sort of cred they had with the financial sector. Now there is real urgency around passing a bailout package. And that desperation puts taxpayers at an even bigger disadvantage. We were given time to think. Last week, markets held out. This week, I don't think they'll be as patient. They certinely weren't forgiving today.
We have made money the means for our exchange. Therefore, it is the lifeblood of our country. We've placed our trust in a piece of paper that is not backed by anything - that only holds value because we believe it does.
Congress just used up any sort of cred they had with the financial sector. Now there is real urgency around passing a bailout package. And that desperation puts taxpayers at an even bigger disadvantage. We were given time to think. Last week, markets held out. This week, I don't think they'll be as patient. They certinely weren't forgiving today.

