On Sep 30 President Bush says that the bailout bill is s needed that the econmy will crash without it. He says that Americans are looking at the 700B cost ofthe bill but not that in the stock market fall of Sep 29 ( the day of the first house vote ), Americans lost 1 trillion $. The unfortunate truth is that half of the fall had happened before the bll was voted upon. The following day market recovers 65% of the previous day's fall and at least to the level it was before the vote.
Oct 3 '08, the house is presented with a modified version of the same bill which the senate had passed and both parties had lobbied hard for. The house representatives, having been completely brainwashed by people with vested interests like Barack Obama, Paulson, Warren Buffett, Bill Gross, Se. Mccain, passes the bill. Right after the bill was passed the stock market started falling and reached a new low for the last 3 years and fell in 2 hours more than the fall of Sep 29.
I don't know if that means anything but it is a clear as day statement on the falsity of the reasons given to pass the bill that will make the banking industry 700B$ richer.
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