Remember how scary it was before we passed the Bailout Bill? Remember how panicky we all were when the stock market plunged 700 points? Remember how the politicians told us we had to pass the Bailout Bill NOW to avoid this kind of catastrophe from continuing?
You see where I'm going with this right?
Dow Down 700 Points
Stocks tanked Monday, with the Dow, S&P 500 and Nasdaq falling to nearly five-year lows as credit markets seized up and European governments' rush to prop up failing financial firms underscored the global reach of the credit crunch.
But what about the Bill???
President Bush said Monday that the purposed of the package was to loosen up the nation's credit markets to "get money moving again," AP reported. However, Bush said "it's going to take a while," for the program to start working. "We don't want to rush into the situation and have the program not be effective."
Ohhhhhhh - "we don't want to rush into the situation". Got it. And by "situation" you don't mean drafting & passing an ill-conceived, ill-advised bailout bill?
You know, I can't even muster any outrage over this anymore. It's just ridiculous.
