As a spiritual-futurist, I interpret current events in light of possible macro-universal forces at play leading up to 2012, but not limited to it.
The Dow immediately dropped nearly 600 points. That's right SIX HUNDRED, not SIX ZERO! The House on Monday defeated a $700 billion emergency rescue package, ignoring urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry. Would you beleive that Bush no longer has any credibility and that Nancy Pelosi might not have much either.
So, where do we go from here?
Isn't that breally the question that should have been asked under Bill Clinton when the dot.com craziness was going on? Isn't that the question that should have been asked years ago under George Bush when ther eal estate craziness was going on. In between it all, did we think that we could finance a war and provide everything for everyone at the same time? Guns & Butter! It's not possible at such levels .
Stocks plummeted on Wall Street even before the 228-205 vote to reject the bill was announced on the House floor. When the critical vote was tallied, too few members of the House were willing to support the unpopular measure with elections just five weeks away. Ample no votes came from both the Democratic and Republican sides of the aisle.
It was a bipartisan defeat!
I wonder if Warren Buffet now thinks he made the right move in cozying up to Goldman-Sachs? The stock immediately shed 15% of its value- even before the final vote came in.
The overriding question for congressional leaders was what to do next. Congress has been trying to adjourn so that its members can go out and campaign. And with only five weeks left until Election Day, there was no clear indication of whether the leadership would keep them in Washington. Leaders were huddling after the vote to figure out their next steps.
Isn't politics a fun indoor sport!
Monday's mind-numbing vote had been preceded by unusually aggressive White House lobbying, and spokesman Tony Fratto said that Bush had used a "call list" of people he wanted to persuade to vote yes as late as just a short time before the vote. Hey Bush, you're a LAME DUCK! And you only have a couple of months to go so give up on anyone listening to your advice at this point.
It's not personal! :-)
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