Cynical Synapse

Tue, 07 Oct 2008

Does Bush Have a Frog in His Pocket?

Filed under: Business, Economy, Politics, Profiteering — cynicalsynapse @ 8:06 pm

The Dow has suffered its five-day drop since 9/11. Today, down another 500 points despite the bailout, the Dow closed at a 5-year low. In the midst of this chaos, President Bush says, “We’re going to come through.” Who’s this “we” Bush is talking about?

Let me see if I’ve got this right. The $300 billion aid package for homeowners in foreclosure is supposed to keep folks in their homes and mortgage companies solvent. If that’s not enough, the $700 billion bailout will certainly keep Wall Street solvent. Why, then, do I feel like my 401(k) is evaporating before my eyes and I’ve got a new $1 trillion plus tax bill. Yeah, I feel we’re going to come through.

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