Bail Out Fails - Market Drops Almost 7%

Mary Potter


The bail out bill failed - oh color me surprised - and the stock market "plunged" 7%.  Give me a break. My checkbook plunges more than that every time I write a check. The online news services trumpet this as the biggest plunge ever in the headline.

Read into the story and that's not quite the case. It may be the biggest drop in points beating the day after 9/11 (and shame on all of you for that). But the market dropped more in percentage in 1987 "Black Monday" and even more at the beginning of the Great Depression.

What we have here, folks, is a temper tantrum. Congress didn't give Wall Street what it wants and it is lying on the trading floor drumming its heels and pounding its tiny fists.

Here's a message for those panicked traders, those spoiled brats in trading centers around the world.
It is what my mother said to me more times than I can count.
Stop crying or the American people will give you something to cry about.

Because the truth is that Main Street can live without you. There is a serious question whether you can live without us.

Yo. Rich people. Guess what?

Main Street contacted its elected representatives and they soiled their collective underwear and didn't give in to your tantrum.

So there.