The American public was told that Congress had to pass Bush's $700 Billion take over of the mortgage industry for financial stability.
Congress passed the Bailout on Oct 3 and the President signed it into law that day. On Oct. 2 the Dow Jones Industrial closed at 10,483.85 today one week latter (Oct. 10, 2008) the market closed at 8,451.19 a drop of 2031.66 a 20% decline in thehe market.
It reminds me of the word of Ronald Regan, "The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'
"Government is not a solution to our problem, government is the problem."
Thanks Bush and the Congress for all of your help!
