Dow drops below 10,000
For the first time since 2004, the DJIA has slipped below 10,000. As of mid-day today, it has slid almost 5 points. In the wake of the bailout bill being passed by the house (then signed by Dubya), the media once again, is silent, regarding any correlation that may exist between the promised renewed trust in the credit market, and the direction of the DJIA, today. If this is what renewed trust in the credit market looks like, we are in big trouble. The most infuriating thing, as a voter, is that the elected representatives blatantly acted against the will of their constituency, in this case. If the bill were of lesser magnitude, it probably would not be so aggravating. But this legislation will undoubtedly have repercussions for decades to come. If you are a voter, make sure to hold your reps accountable for their actions next month when you are in the cast your ballot. When representatives fail to do as their title suggests, and represent, they are not doing their job, and need to be replaced.
Author: Ted Swenson

