Republican or Democrat, if they voted No today, vote them out of office for their irresponsibility.
And let us all pray that we all get out of this without losing too much.
They are so smart they have outsmarted themselves.
NY Times headline: For Stocks, Worst Single-Day Drop in Two Decades
Stocks fell by nearly 9 percent on Monday â€” the worst single-day drop in two decades â€” after the government’s bailout plan, touted by its supporters as a balm for the current market stress, failed to pass the House of Representatives, setting off a fresh wave of anxious selling.
In yet another day that has shaken the embattled canyons of Wall Street, the Dow Jones industrials fell 777.68 points after it became clear that the legislation could not muster the support it needed to pass the House.
The broadest measure of the American stock market, the Standard & Poor’s 500-stock index, fell 8.77 percent, its biggest drop since October 1987. The Nasdaq composite index fell by more than 9 percent, after the House defeated the bill by a vote of 228-205.
The fear was most pronounced in the world’s credit markets, considered gauges of anxiety among investors. Yields on Treasuries plummeted after the House rejected the plan, with the one-month Treasury note yielding virtually zero.
Banks were charging enormous premiums for short-term financing; the difference between the cost of a three-month loan from a bank, and a three-month loan from the government, rose to the widest point since at least 1984. Other lending rates stayed high.
On Wall Street, the drops were sharp and swift, catching many investors and stock strategists on Wall Street by surprise.
This is going to be a Rosh HaShana with plenty of prayers, by both Jews and gentiles.