Stock market down
...after Senate votes for bailout
This is just too rich. Remember how we were told that the market tanked 777 points the day after the House voted "no" on the bailout this week? And how they blamed (primarily) House Republicans for killing the deal...and erasing a trillion dollars worth of wealth... (More than the bailout would have cost us, we were told).
Well, the day after the Senate voted to approve an even more costly version of the bailout, the market has gone down 359 points.
So will we now hear that the Senate's action helped drive the market down? That the market went down because the bill was so overloaded woth pork??
The point is that you cannot and should not do this kind of legislation under the gun, let alone allowing your actions to be dictated by daily tick-tock of the emotion driven stock market.