AllupInyourBiz

Monday, the media blamed the 7 point drop in the DJIA on the House’s rejection of the bailout plan. Tuesday, the media said that the DJIA was rallying because of speculation that a new version of the bailout plan would pass, in the Senate. Well, the Senate passed the bailout plan last night, and the DJIA is down over 3 points today. Why aren’t there any headlines linking the drop to the bill? Has that direct connection between the bill and the Dow mysteriously evaporated over night? Oh wait, maybe the drop in the Dow today is a direct result of investors’ anticipation of the vice presidential debate tonight. Is that it? So, why has the media focused so much energy on promoting the bailout plan, even to the extent of making total bogus extrapolations as scare tactics? No one is even arguing with the fact that the vast majority of individuals who have voiced their opinions to elected officials, have been opposed to the bill. Yet the media is still trying to convince everyone that the United States, followed by the world economy, is suddenly going to implode into a great depression if the Federal Government doesn’t step in NOW! Is the media some how convinced that the bill really is what people need (even if the people don’t want it)? Is there some sort of kickback for mass media, buried in the revised bill? Just as skeptics of the bill predicted, the market is doing what the market was going to do, regardless of any measure being passed by congress. If the media was telling the truth about the DJIA reflecting the faith of investors, in lieu of the contemplated bailout bill, shouldn’t the DJIA have soared today, after a victory in the Senate? What a total load of crap. Not only will the market continue to do exactly what it was going to do anyway (most likely continue to experience a decline), but if the House approves it, each American (not just taxpayers) will have another $22,000 each, as their portion of the federal debt.