Source: All Hat No Cattle and BU Family Member X
While Republicans and Democrats play the blame game, the DOW Jones declined 778 points by close today. Financial Analysts estimate that the stock market was devalued to the tune of 1.2 trillion dollars. Senator John McClain suspended his campaign last week to go to Washington to bring leadership to the bailout plan, but instead all hell has broken out and the US financial market maybe about to go belly up and take global financial markets along for the ride.
Although the polls indicate that Obama is pulling ahead, the BU household continues to be amazed that White America is not prepared to give Obama the overwhelming support which the current state of the economy and foreign policy merits. Even in the face of the most idiotic selection of Sarah Palin to be his running mate, we have intelligent Americans who see the logic in the McClain selection.
The other side of the coin to this issue is that the protectors of fthe ree market system hail the defeat of the bill today as a victory. Time will tell if the attempt to make Wall Street pay for his skulduggery is correct. Should we mention that Wall Street may have been suckered by the politicians to go the route of offering generous financing to low risk homeowners?
Political pundits know that the Palin selection was a knee jerk reaction by the maverick McClain, when Republicans refused to agree to former Democrat and Independent Joe Lieberman.
The Republican Party is about to implode.
The polls show that Obama is inching ahead in the polls.
Obama may just win after all.
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