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Can someone tell me why the MSM keeps saying this was the "worst week ever" for the stock market? I know it was really, really bad, but wasn't the 1929 crash at least a tad more serious?
*We don't know yet if this is as bad as 1929. We have to wait 50 years for the historians to tell us.
*Meanwhile, we've got trouble.
http://www.alternet.org/story/101958/thousands_...
Members of Congress were told they could face martial law if they didn't pass the bailout bill. This will not be the last time they're threatened.
Despite the polls, the election will be stolen and McCain/Palin will be sworn in. We'll all try to protest, but Bush struck down Posse Comitatus, thus making it legal for military to patrol the U.S. He has also legally established that in the "War on Terror," the U.S. is at war around the globe and thus the whole world is a battlefield. Thus the U.S. is also a battlefield.
He also led change to the 1807 Insurrection Act to give him far broader powers in the event of a loosely defined "insurrection" or many other "conditions" he has the power to identify.
The gun is to their heads and Wachovia signed on the dotted line.
The article doesn't say what the interest rate is, but I suspect it's pretty stiff for an unsecured loan. It isn't as if the NRCC is going to vanish off the face of the earth anytime soon. DId anyone have to co-sign for the loan?
Too many unknowns to respond with outrage yet.