TARP: helping or undermining markets?

Down this morning, now up a bit, the DOW and other markets continue their bouncing about the place as investors react in kneejerk fashion from moment to moment, and troubling reports are released continually with the media riding high on the ‘things are very very bad’ bandwagon.

As you know, Paulson’s about-face on the use of TARP monies this week isn’t helping one wit. Was that his intention?

So is it any wonder consumers aren’t spending? And of course my own tune remains the same: it’s all about jobs, loss of jobs, outsourcing of jobs, being underemployed, downsized, etc…that’s why people are missing payments and not shopping. Looks like Santa is on a diet for Christmas so save your doughnuts, cookies’n’milk – if you have any.

At the moment I’m working on another subject, while listening to Radiohead, but I did run across an article on George Washington’s Blog concerning Paulson, Bernanke, and governmental botching of the economic crisis which you may wish to check out for it’s full of linky richness:

http://georgewashington2.blogspot.com/2008/11/with-its-failed-policies-government.html

And speaking astrologically, with all the financial bad news and lack of confidence in markets, a new meaning may have accrued to America’s progressed Mars retrograde and its Sabian Symbol for ’18Libra’…”Two Men Placed Under Arrest” – a sentiment some are expressing about Paulson and Bernanke.

In fact, if you read the above-linked article, you may find just that sentiment expressed.

Of course, nowadays most Americans can think of several men who should be placed under arrest, can’t we?

One controversial idea to make room for the culprits in our overcrowded prison system: release all non-violent weed lovers currently serving under draconian laws and we’ll have gracious plenty space for the bandits and criminals who have sold America down the tubes by undermining our and the world’s economies!

Suits me – how about you?