Another day of carnage
Wallstreet today was brutalized by another day of carnage and mayhem. Scenes of devestation and impending poverty met reporters’ eyes. It was a bloodbath.
…or was it?
This trader looks happy enough.
Maybe things aren’t as doom and gloom as promised. Perhaps $700 billion isn’t necessary to bail out failed businesses. Perhaps bargain shoppers will shore up the market themselves. Perhaps assets will devalue naturally, and the market will do what its meant to do: stabilize of its own accord.
But would this be a win for McCain or Obama? At this point, I’d have to say neither….
Meanwhile, back at the farm, McCain borrows Bill Clinton to make a point in this ad:
Thanks to Gateway Pundit for this one.
McCain needs to come out and unequivocably say no to the bailout. He also need to place blame equally on those Republican and Democrats who profited from the MSB mortgages. He needs to name names and and aportion the responsibility accordingly. The Republican party I see now is not the one I remember. It has fallen into the Lenin/Trotsky sphere, and descends a little deeper each day. Shame.