Thursday, August 4, 2011

Breaking News.. Stock Market Crashes more than 500 points!

G'day Everyone.

If you thought that in the last few days leading up to the hours of August 2nd, 2011 and how much our inept Congress and Our inept President bickered over the decision to settle the Financial Debt question, which was finally solved in the late afternoon day of August 2nd, 2011, nothing could be further from the Truth.

After watching our Government and the President bicker for more than a month, it took many people who called, emailed, sent letters, and personally visited their senators to PLEAD with them to compromise ASAP.

But when that got finally done (finished to passed the bill and signed by the President), many people remarked and said that it was WAY TOO LATE in this situation. By then, it did not help things on Wall Street itself in New York City.

Wall Street took a major big dive today in which it crashed more than 500 points (513 to be exact!)! Link:

How much fearful has it hurt our country and the world when we, as a Nation, depended on our Congress to solve the financial matters. Should have President Obama invoked the 14th amendment sooner to prevent the economic impact on Wall Street? It is possible he should have while bracing a fight with Congress itself?

We don't know. But as some say, the long fight, slow decisions, and long voting times have created a mess in which now we, the American tax payers and workers and job seekers, must come to a decision on what should be done about our people in political power. From President Obama, who wants to be president beyond 2012 (sources say he doesn't have a chance), on down to those in congress will a question that voters will have to look very carefully through a ultra fine tooth comb to see if these idiots should be given a 2nd chance or told: Yer FIRED and replaced with people to do the job correctly.

If you are worried about your investments, please talk to your financial broker quickly as possible. The mess today maybe worse tomorrow. For President Obama, it's a new headache. For Congress on it's 5 week vacation, It's their coming headache waiting for them.

P.S. on a lighter note, the workers who were Laid-off by the FAA are soon to be back to work, thanks to the vacationing congress that finally put together a short-term deal.

Till next post, I'll clue you in.

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