Thanks to Congress for passing the $700 Billion bailout bill. The Dow dropped 800 points today, and the forecast does not look good for the Stock Market.
From last week’s observations, the day after the Bailout failed to pass the House, the Stock Market had some noticeable gains. After the bailout bill was passed, the Stock Market started to get dicey.
Right now, I fear we are headed towards an economic depression, if the Stock Market continues to drop. It gets pretty bad when CNBC‘s Jim Cramer makes a comment that people should begin to take their money out of stocks. All signs have been pointing to the demise of the Stock Market, and the bailout bill will only help so much. America’s economy has been hurting for quite a while, and the real reform might come with an economic collapse.
So, Mark Warner wants your vote, Virginia. In fact, he would rather have the support of the gun-grabbers, pro-abortion and public school advocates. However, if you are a gun owner, pro-life advocate or a homeschooler, then you are considered to be a threat to America, according to Warner.
Mark Warner is the wrong change for Virginia. At least, we can trust Jim Gilmore to stand up for us in the Senate. He would stand up for gun owners, school choice, and the sanctity of life.
Unqualified home buyers were not the only ones who benefited from Massachusetts Rep. Barney Frank’s efforts to deregulate Fannie Mae throughout the 1990s.
So did Frank’s “partner”, a Fannie Mae executive at the forefront of the agency’s push to relax lending restrictions.
Gee, it seems that Barney Frank was receiving favors all over the place. It is a wish that the Feds would begin conducting investigations on all of the legislators who received “sweetheart” deals from Fannie and Freddie. Nothing would be more hilarious to see Barney, Chris Dodd, and Chuck Schumer all dressed up in prison stripes, sharing a cell in Federal prison, and see who comes out of this with their pride in tact.
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