WHEEEEEEEEEE

[cassandraleo]

The Dow plunged 790 points today, a new record. Granted, it recovered to being only 360 points down by closing time, but it pretty substantially undercuts the notion that the bailout (which passed, by the way; I was too shattered to note it this weekend) has helped

Comments

[aexoden]

In terms of percentage, it's really not that impressive a drop, though. Well, it makes it to 17th on the all-time list, but it was only a 6.98% drop. Contrast to the crashes of October 19, 1987 (-22.61%) and October 28th and 29th, 1929 (-12.82% and -11.73%). October is a great month!

Anyone who expected the bailout to actually be good for the economy (in the long run) is economically deficient.

[cassandraleo]

True enough on all points. Still, for something that was supposed to help our economy in the short run, it's doing a magnificently poor job thus far.

I seriously don't understand the mentality of people who believe that running up an $11 trillion deficit can't hurt us. Of course, most of them are probably banking on being dead by the time anyone demands we repay them, but either way the fact that we're paying such a high ratio of our budget on simple interest (a direct consequence of the deficit) is fundamentally absurd.

[blckmssn]

I watched a lot of CNN today (I don't have cable in my house, so I rarely watch anything) and it was a lot of the same things said over and over again, sometimes word for word, sometimes by the same people on different shows. I wasn't impressed.

After seeing Palin's speech about Obama not sharing her vision of America, I hoped for a "rape kit" response.

[king_bahamut]

I'm one of the few people that says, I don't care if Obama is BFFs with Bill Ayers. I don't have a PROBLEM with Bill Ayers. Bill Ayers did things that I would not have done, but he didn't kill anybody and he was responding in the only way he believed he could to a government that absolutely refused to listen to its people. He was "bringing the war home." It's extremely easy to simply give him a prefix of "unrepentant domestic terrorist," but it takes something else to look deeper and actually learn a little bit about the guy.