Impeach Pelosi. I lost faith in the House Speaker shortly after she took office. Now she has gone to far. Quote of the day: Losses to shares on the broader Dow Jones Wilshire 5000 index amounted, on paper, to $1.2 trillion. The bailout she failed to sell totaled $700 B. She has always been in over head, unable to conceptualize anything, develop an opinion other than the party line or lead. My greatest concern (one of the few) about Obama is his allegiance and indebtedness to her.
The Dow Jones Industrial Average sustained its biggest point drop in history and its biggest closing decline since the day the markets re-opened after the Sept. 11, 2001, terrorist attacks. The Dow, which had opened sharply lower on fears of more possible bank failures, finished the day down 7%, with a 777.68 point drop to 10365.45. Losses to shares on the broader Dow Jones Wilshire 5000 index amounted, on paper, to $1.2 trillion — eclipsing the size of the proposed bailout package. The Nasdaq Stock Market finished down 9.1%….
Congressional Republicans cited a speech by Ms. Pelosi on the House floor that blamed the economic crisis on years of Republican economic policies, including deregulation. “For too long this government, eight years, has followed a right-wing ideology of anything goes, no supervision, no discipline, no regulation,” Rep. Pelosi said. “It has created not jobs, not capital; it has created chaos.”