Tag archive for ‘Congress’
When the facts matter - Democrats lose elections…
Obama shouldn’t be winning. His policies are all wrong and backwards for America. The voters who matter know this - however - they’re so disgusted with Republicans, the facts just don’t matter.
Is that your FINAL answer? Congression debate to include Polygraph?
Two challengers for an Indiana congressional seat have agreed to be hooked up to lie detectors during an upcomming debate. While it is unlikely to happen - it demonstrates the sillyness that the 2008 campaign season seems to be turning into.
Ninth District Republican Party Chairman Larry Shickles on proposed the political polygraphs for Democratic Rep. [...]
Stock Market Meltdown, Bank Failures, and Recession! Oh my!
Last week, the stock market shredded almost 20% of its value, and briefly looked as if the Dow Jones Industrial Average would march to 7000, a number that would bring the market’s value down to almost 50% from its high a year ago. Panicked investors continue to be frenzied as they worry about the value of their 401K’s, IRA’s, and government savings plans, selling in droves and fleeing for the safety of US Treasury Bonds; bonds which are almost worthless in their yields at the moment as demand for bonds far outstrips supply. In the time of market panic - cash is king. Many Americans are asking, however, why this is happening? They were told the Bail Out “rescue” plan would avoid Financial Armageddon! Why then does the market continue to be driven downward, and the credit market continue to be seized?
US and World Markets fall and Congress looks for blame.
Today’s markets plummted around the world reacting to the bailout bill, worries about the broader credit markets, and the lack of reaction by most Western governments to what is undoubtedly a broadening financial crunch around the world. Panic swept through the world’s financial markets, wiping $2.5 trillion from share values, amid concern that regulators and politicians were struggling to get a grip on the worsening crisis of confidence.
The Sting: Now that the bail out is law - will it work?
Yesterday, the President signed into law HR 1424, the Emergency Economic Stabilization and Recovery Act, also known as “the bailout bill.” With the stroke of the President’s pen, Uncle Sam entered the financial market with 700 billion dollars in cash and a mandate to buy the crappiest investments that Wall Street can muster. The hope of the politicians who passed the measure is that the massive injection of money by the Treasury will stabilize the mortgage market, stop the free fall in the value of equities, and most importantly, keep the entire fabric of western capitalism from unravelling. We should all be cheering, right?
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