Wednesday, October 15, 2008


That big "rescue" has not even been implemented yet... and already it's failing! Way to go, Big Government! I suppose that, out of fairness, we should give them a few years to let the "rescue" take effect. After all, it took years for Sen. Chris Dodd and Cong. Barney Frank and several of Barack Obama's top advisors to set up Fannie Mae and Freddie Mac and lending institutions across the US for utter implosion. Way to go! The Dow Jones industrials are down more than 500 points, more than half their huge 936-point advance from Monday, and all the major indexes are down at least 5 percent. Angst over the economy is sending stocks plunging once again. A disappointing retail sales report has investors convinced that the banking crisis has caused cracks in the economy well beyond the financial sector and that a recession, if not already here, is inevitable. FULL STORY, AP...