The DJIA is currently sitting at a 12 year low of 6763, which is less than half what it was 18 months ago, and lower than it has been since before the dot com growth spurt.
Change you can believe in.
Russian Prime Minister Vladamir Putin has said the US should take a lesson from the pages of Russian history and not exercise “excessive intervention in economic activity and blind faith in the state’s omnipotence”.
“In the 20th century, the Soviet Union made the state’s role absolute,” Putin said during a speech at the opening ceremony of the World Economic Forum in Davos, Switzerland. “In the long run, this made the Soviet economy totally uncompetitive. This lesson cost us dearly. I am sure nobody wants to see it repeated.”
Uh, what? What kind of bizarro world is this when we have former KGB head Vladamir Putin warning us that we’re getting a little “too socialist?!” How much worse can this “Obamination” get?
Wait, don’t answer that, Mr. Obama. Please?
And it was more expensive than it was coming in, even though the Senate claims to have “trimmed it down” – trimmed it “down” from $820 billion to $829 billion. And that’s just immediate costs – there’s another $350 billion in planned spending that goes with it.
This brings the total number of pledged funds for bailouts and stimuli to over 9 TRILLION dollars. AWESOME.
The cloture vote was 61-36. The traitors are Specter, Collins, and Snowe it looks like. The real vote happens at noon tomorrow, but with no chance to obstruct it or filibuster it at this point, there is virtually no chance this will not pass.
I think I’m going to stop writing about politics for a while, this is just getting too depressing.