Dems dither - Dow plunges

[Libsmasher]

With the democrat support for such as anti-white racial discrimination and the illegal alien invasion, I should be used to their creating massive destruction to this country for marginal temporary political advantage.

While the Dow had a net drop of over 500 points this week, the dem congress has sat on its ass, fiddling while rome burns. One of their big points is a typical class warfare item whereby they want to make sure investment banke CEOs don't get big separation packages. This is about like complaining your steak wasn't cooked right on the Titanic, when the ship is ten minutes from sinking. The economic damage going on while the dems do nothing is vast - a 500 point Dow drop represents HUGE economic damage to pension funds and individual's 401Ks.

The economic ignorance of most people apparently extends to congress - they don't grasp that the whole country runs on credit. They have been warned in the most dire terms by the treasury secretary and the federal reserve chairman the cost of inaction: more foreclosures, businesses failing, unemployment increasing, wealth disappearing, etc etc etc - but they sit there, scratching their butts, immobile, trying to figure how they can tweak out some partisan advantage - at the great cost of everyone in the country

 

[Andy]

Like I explained before, this is the result of a the changing in general accounting practice, enforced by our government. It will continue to drop until the market evens out.

The result of knee jerk reactionary legislation by congress.