Monday, October 6, 2008

The Dow Plunges

... and it is starting to resemble the Mariana Trench.

It looks like the market didn't seem too impressed with the Congressional $700 Billion Bailout also known as the "ginormous power grab by the US Treasury Secretary to buy lots and lots of worthless paper assets for an enormously obscene sum of taxpayer money in order to save a bunch of rich financial weasels who made some very bad business decisions because they were initially encouraged to do so by extremely reckless public policy changes included in the "Community Reinvestment Act" passed by Congress in the 1990's.

You might be interested to see the political contributions which may have influenced the Senate votes by "Mr. Change" and "Mr. Maverick" (aka - The best presidential candidates special interest money can buy).

From OpenSecrets and Campaign For Liberty
Top 10 Corporate PAC Contributors:

Goldman Sachs $739,521
UBS AG $419,550
Lehman Brothers $391,774
Citigroup Inc $492,548
Morgan Stanley $341,380
Latham & Watkins $328,879
Google Inc $487,355
JPMorgan Chase & Co $475,112
Sidley Austin LLP $370,916
Skadden, Arps et al $360,409

Merrill Lynch $349,170
Citigroup Inc $287,801
Morgan Stanley $249,377
Wachovia Corp $147,456
Goldman Sachs $220,045
Lehman Brothers $115,707
Bear Stearns $108,000
JPMorgan Chase & Co $206,392
Bank of America $133,975
Credit Suisse Group $175,503

If you aren't completely incensed by now - then you haven't been paying attention.
Vote these, and other, Congressional leeches out of office on November 4 if they voted "YES".
Let's send a message to these folks.

No taxation without representation!!
They ignored us when we called upon them to vote "NO" - now it's time for us to act.

As for the presidential candidates - look for other names on the ballot and pick one, because at this point neither the "Change guy" or the "Mavricky guy" look much different. They both helped to tank my 401-K, and they both helped load up this bailout bill with more pork than you can find in a Hawaiian luau.

Vote the "Yes People" out of office
(a few of them even deserve to be in jail)


Kevin John said...

Hey Judy,

Didn't you hear? The Government just decided to purchase CDO's!

See? They really do care for us!

Interesting that Obama AND McCain both got sizable lunch baskets from our friends @ Lehman. Even Bear Stearns got some funny money doled out before it hit the fan.
Personally my money is on Glodman Sachs...with a name like that, how can you lose?

Fellow 'homeskooler',

Kevin John

Susan Ryan said...

Hey, Missy. I was missing you at the Carnival of Homeschooling. But I see you are busy covering the political aspects of what will surely affect us homeschoolers soon or sooner.

You're forgiven. :-)

Btw, I totally stole your carnival boy scout idea to talk about my clover green passion of 4-H. Thank you, ma'am.