Shareholders Take On Bailout: EJECT! EJECT! EJECT!

As was expected (and at the same time, woefully dreaded) the House went ahead and passed the big-boom-bailout last Friday. Against the wishes of the populace majority I might add. I think quite a few politicians may be facing eviction after this. And as also expected, it more or less exactly failed to sate the global market. At all. This morning (Mon. Oct. 6th,) the U.S. market has already plunged well below the 10K threshold. And global markets are facing relatively the same nosedive, even though the taxpayer train-robbery that is the bailout was passed.

Utter shock and amazement here folks.

What the House had essentially did to get it through, was to tack on an extra almost $150B in "earmarks" (there's that word again,) to the already over inflated 400+ page, $700B bill to "BUY" the needed votes. Our (being the taxpayers that is,) money talks in a big way it seems, when it's being spent by D.C. And thus begins the continued march of Socialism into the American free-ish market. Well, more like a continued onslaught or incursion, rather than their first foray engagement.

Not to be outdone or ignored, and to show just how much the public appreciated the passage of this bill, (both last week and into today) a sizable number of people, namely the portion of the populace that opposed it, have shown their disdain for the bill approval. And they did this, by dumping their stocks. The clarion call of the shareholder, thanks to the "take-over," erm, I mean bailout, has become "EJECT! EJECT! EJECT!" Last week we had an unprecedented 800 point plunge. And today, we've already seen 400 points worth disappear by shortly after the opening bell on the stock market.

People just don't trust politicians anymore, with few exceptions. Our President is hanging at some of the lowest ratings of around 30-40%. Congress is single digits now at around 8-9% approval. And after this bill passage, why should it get any better? Americans aren't seeing their elected leaders acting in their best interests. And until their (the politicians) "seats" are usurped, why should they?

Sadly, I don't foresee the situation getting any better. At least for a while that is. At least (more hopefully) not until enough people get so fed up with the poli-trickery between the government and outlying entities, that they say ENOUGH! Until those people, who being fed up with the crap, take enough of the positions of authority to alter the financial course of the country, we should rightly expect, just more of the same-ol, same-ol.