OMG I'm feeling dizzy ! Market Watch has "Dow In Freefall" headline, NASDAQ off 6% in a few hours every news channel is showing charts with stuff going down bad, even shares in Apple are getting beaten in all this madness spinning around since the vote.
And it is all the GOP's fault suprise suprise
The Financial Bailout bill was killed by a margin off::
205 For Bailout
228 Against Bailout
And Instantly the stock market went for worse to... em ... "worser"?
So who is to blame for this train crashing into the wreckage of the original train crash 0.o Because you know there is an election coming so the first question has to be who will voters blame for this mess.
Maybe it is to premature to tell the next few hours are going to be filled with finger pointing.
But the facts speak for themselves: These figures from the clerks office on capital hill with a breakdown of the vote. (Already linked above in first line.
Democrats:
140 For the Bailout
95 Against the Bailout
GOP:
65 For the Bailout
133 Against the Bailout
Personally I was against the bailout like most progressives on this site (if the government wants to give 700 billion bucks away, bankers should be around last in line for it)
But this is not about me or even us as a community its about what everyone else thinks and who the voters blame if this causes the economy to sink.
Already the Republicans on The Hill had this to say:
http://www.youtube.com/...
The Democrats came back with this gem :)
http://www.youtube.com/...
Meanwhile the pundits are all wondering whose fault it is and mainly blaming the GOP. From Andrew Sullivan
"This bill failed because Barack Obama and the Democrats put politics ahead of country."
John McCain on the Bailout... Andrew Sullivan calls him out on the fact that it was Republicans who sank the bill.
Let the fight continue.