If you have been paying attention to any form of news media the last several days, you are well aware of the ‘crisis’ that has become our economy. Last week the Treasury Secretary, the Federal Reserve chairman and even our President, told you that unless congress acted quickly the damage to the market would be grave. What happened? The Senate agreed to wait until the middle of this week to vote on a bill and the House of Representatives voted down a ‘bailout’ bill. The result? The largest one day drop in history of the stock market. The Dow Jones lost over 777 points on the failure of the House passing the bill.
Now let’s assess the damage. The sun came up this morning (at least where I am), the Dow Jones is actually up over 280 points, and the people that we elected to represent the people of the United States are going back to the drawing board to work on another bill. I do think that something will get passed this week and I applaud those House Conservatives that cared enough about the people they represent to make the hard decision.
If you haven’t been made aware of the ‘none of the above’ recommendation that Dave Ramsey is offering check it out and then contact your ELECTED representatives, and tell them that you will be voting in November and you want to be able to vote for someone that represents you, not the political pressure of the media. If you would like to know how your representative voted on the bailout bill you can look here.
Yakezie Posts
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