Monday, September 29, 2008

Bailout? Maybe later

So the House voted down the bailout. Now what?

Well, how about a decline of almost 9% in the value of the S&P 500 in a single day? The aggregate value of 500 of the biggest corporations in the US economy declined 8.79% on the news of the failure of the House of Representatives to act. That's a record, by the way. To get an idea of what that means, consider that the index represents approximately 75% of the value of the total US stock market.

Wonkette advises everyone buy canned goods.

I'm about to start working on a fall garden.

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