Economic Stimulus Passes, Stock Market Tanks...

[JSandi]

Down almost 400 points at time of posting.

:(

[Sam]

Down almost 400 points at time of posting.

:(

Right after that tax cheat Geitner made his speech about their plan or lack of plan to save the banks. This is great.

Hope? NOPE

[Gutshot John]

It now goes to markup to work out the house/senate versions.

We'll see what happens.

The market is mostly down because politicians aren't looking to fix the economy so much as waste a bunch of money.

Basically this is a functional example of why government should err on the side of caution when playing with the economy.

All that is needed is $600B more in stimulus. $300B to buy up toxic assets and $300B in middle class tax cuts. You might make a case for another $300B in infrastructure such as roads as they facilitate commerce and fuel business by reducing transport costs. Much of the interstate system is actually crumbling.

[30 cal slut]

if the porkulus bill gets signed, it will be time to buy gold. like there is no tomorrow.