Economy + stock market: how low can we go

What another historic day in the stock markets. We all expected it would happen and it did. We hoped it wouldn’t but really, nothing has changed from before or after our elections. Many of us realized the bailout was bogus and were against it. Those who were for the bailout now know it was bogus. I still remember Bernanke and Paulson begging Congress and the American people our tax money was needed for a specific reason to buy toxic mortgages even though they were worthless. As of to date, not a penny was spent for that purpose, some of it actually went to fund executive bonuses.

Bush is hiding out, while Paulson and Bernanke continue to contradict themselves from a month ago, tow months ago, and every month since last year when they said our economy was fine! So our 2 smartest and entrusted financial figures representing the US Treasury and Federal Reserve have betrayed us with 3 stooges’ antics.

Forget about whether you are Democrat, Republican, or Independent because this recession won’t discriminate. If you have assets, they are worth less now. Your portfolio of real estate or stocks is down double digits. Unless you had the foresight to sell everything when the market topped.