The house has passed and the President signed the bill which hastens our decent down the black hole of economic demise.

Not that I expected anything different in the long run, but I guess I had held to a shred of hope when congress voted it down the first time. Sigh.

I haven’t heard how my rep voted yet but she seemed pretty deadset against it when I heard her on the radio yesterday so I hold out hope that I can point my finger in a direction away from myself .

It is interesting to see how the Dow responded both the first time when everyone thought this would go through, and how it shot back up the next day when it was voted down. And how now it’s lower than it’s been in 7 years!

I’m not sure how this will work having never posted a picture from iBlogger...

I’m audio mixing this project at the moment.

On edit: it made the pic smaller than I would have liked… Oh well.

And about stinking time too!

Article from Fox News

I figure, why write my own articles when others seem to be articulating this issue so well.

I give you yet another article which makes the point so well:

The way the proposed bailout plan works is that the government would buy all of those bad mortgages held by banks and investors. Now the plan has already been expanded to allow the government to buy up all “troubled assets,” including student loans, car debt, and even credit card debt (not from consumers, of course, but from the banks that aren’t collecting what people owe them).

Think of that. The government would be assuming the banks’ risks and bad investments. In regular socialism, the government at least nationalizes productive industries. In this government takeover of capitalism, the government is nationalizing only bad assets.

Opposition to this plan is growing, especially among the general public, even though both presidential candidates essentially support it.

source

I realize I have posted an inordinate amount of posts today by comparison to my usual habits, but this post by a good friend of mine is also too good not to pass along!

Missing the Branches for the root...

Go and read!

I’ve downloaded a cool new iPhone app called iBlogger so I can post easily from my phone.

This is a test to make sure it works. If you are reading this then it does.