Well, the deed is done. America, drop your shorts. Our Congress has passed the Stimulus package and has doomed future generations to repaying a Trillion dollar boondoggle that will do nothing to stimulate our ailing economy. Here is a blurb from Fox News:
The Dow suffered its steepest selloff in three months on Tuesday as the markets fretted about a lack of details emerging from trillions of dollars of initiatives unveiled by Washington in an effort to halt one of the worst downturns since the Great Depression.
Once again the markets responded poorly to Washington's unprecedented interventions as stocks plunged even as the Senate signed off on an $838 billion stimulus package and the Treasury Department released plans to significantly expand its efforts to stabilize the financial markets.
Today’s Markets
The Dow Jones Industrial Average lost 381.99 points, or 4.62%, to 7888.88, the S&P 500 fell 42.73 points, or 4.91%, to 827.16 and the Nasdaq Composite sank 66.83 points, or 4.20%, to 1524.73. The consumer-friendly FOX 50 dropped 32.28 points, or 4.99%, to 614.99.
Once again the markets responded poorly to Washington's unprecedented interventions as stocks plunged even as the Senate signed off on an $838 billion stimulus package and the Treasury Department released plans to significantly expand its efforts to stabilize the financial markets.
Today’s Markets
The Dow Jones Industrial Average lost 381.99 points, or 4.62%, to 7888.88, the S&P 500 fell 42.73 points, or 4.91%, to 827.16 and the Nasdaq Composite sank 66.83 points, or 4.20%, to 1524.73. The consumer-friendly FOX 50 dropped 32.28 points, or 4.99%, to 614.99.
I am proud to say both of my Senators voted against it. That ensures them a place in the post-secession Texas government.
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