The bailout that was passed last week sure has done a lot for the markets huh?

Thanks Pelosi, Frank and Reid
NEW YORK (AP) — Stocks plunged Thursday, sending the Dow Jones industrial average down 679 points — more than 7 percent — to its lowest level in five years. Stocks took a nosedive after a major credit-rating agency said it might cut its rating on General Motors and Ford, further rattling investors already fretting over the impact of tight credit on the economy.
The Standard & Poor’s 500 index also fell more than 7 percent.

The declines came on the one-year anniversary of the closing highs of the Dow and the S&P. The Dow has lost 5,585 points, or 39.4 percent, since closing at 14,164.53 on Oct. 9, 2007. It’s the worst run for the Dow since the nearly two-year bear market that ended in December 1974 when the Dow lost 45 percent. The S&P 500, meanwhile, is off 655 points, or 41.9 percent, since recording its high of 1,565.15.

U.S. stock market paper losses totaled $872 billion Thursday and the value of shares over all has tumbled a stunning $8.33 trillion since last year’s high. That’s based on figures measured by the Dow Jones Wilshire 5000 Composite Index, which tracks 5,000 U.S.-based companies’ stocks and represents almost all stocks traded in America.

Thursday’s sell-off came as Standard & Poor’s Ratings Services put General Motors Corp. and its finance affiliate GMAC LLC under review to see if its rating should be cut. The action means there is a 50 percent chance that S&P will lower GM’s and GMAC’s ratings in the next three months. GM has been struggling with weak car sales in North America.

S&P also put Ford Motor Co. on credit watch negative. The ratings agency said that GM and Ford have adequate liquidity now, but that could change in 2009.

GM, one of the 30 stocks that make up the Dow industrials, fell $2.15, or 31 percent, to $4.76, while Ford fell 58 cents, or 22 percent, to $2.08.

What I find amazing is that Pelosi, Harry Reid, and Barney Frank stood up at the podium and heaped praise on Barack HUSSEIN Obama for his leadership in this DEBACLE. SO now that it has failed, will Pelosi, Reid and Frank accept the blame for it’s failure? Ok quit laughing.. I mean it QUIT laughing damn it!

WE are watching the culmination of only 2 years of Democrat controlled congress, coupled with a moron in the oval office. It only took two years. NOW we have an opportunity to elect the one who organized the DEMOCRAT side in this BAILOUT along with his cohorts.

Picture this scene in 2010:
Barack Hussein Obama, Nancy Pelosi and Harry Reid all standing at the podium blaming the failed Bush Policies for a terrorist attack on our soil, an unemployment rate of 10% and our military forces STILL in Iraq…This is what we are going to see under a Barack Hussein Obama Presidency.. BET ON IT!

Two years of Democrat controlled Congress got us into this mess, so I ask all moderate Democrats to at least take some responsibility for the crisis… How long do you expect to shift blame for this? We are headed into the abyss and the Democrats are all fine with it, as long as Barack Hussein Obama gets to be president. That is the definition of party over country and that is the sad state of our country!