Congratulations to the U. S. Senate, for picking up the ball, which was dropped by the House of Representatives, on Monday of this week.
The DOW dropped on Monday, 777 points as a result. To try to restore some confidence, that the bill would ultimently pass, the Senate added more sweetners to the bill, in the form of one-hundred billion dollars, for tax breaks for individuals and businesses. The U. S. deficit will balloon, to six-hundred billion dollars, the largest deficit, probably in U. S. history. But who's counting, more importantly, at the moment, is that the "rescue bill" be passed to stop a complete meltdown in the credit market. The bill was passed in the Senate 74-25. Businesses are starting to feel the pinch, AT&T is having a problem with it's cash flow, other signs are showing up over the country. This is not a chicken little cry, it is very real. The House will be back in session Thursday, citizens who understand the gravity of the situation are starting to call their Representatives, to urge them to pass the bill. Especially those
older people, who are seeing their savings and pensions, effectively being wiped out, by the losses on Wall Street. Older people don't have time to wait for the markets to recoup massive losses, they need their income to survive. All eyes will now be on the House of Representatives, which will begin to debate and discuss the bill passed by the Senate. The onus appears to now be on Senator Barack Obama, to make sure the Democrats show up at the table and vote for this bill, in the form it is in, or close to it, so that liquidity can be restored to the financial institutions, so that credit lines, and loans are available to customers, small and large businesses. High noon will be Friday afternoon, around 3:00 p.m., before the stock market closes. Should the House not pass the bill by then, it is quite possible, the DOW will test the 777 point level, that it fell on Monday. At this moment there is a slightly positive feeling, on Wall Street, that the bill will pass in the House, but arguing and wanting additional funding for some inconsequential pet what ever, will create another confidence killer, and we head to never, never land. Let's all hope that mature heads will prevail, for the sake of the country. On Monday, the vote in the House failed by a count of 12 Representatives. Surely twelve more people will be found, somewhere on the floor of the House?
Former President Bill Clinton, held rallies in Florida, today on behalf of Senator Obama. Many people showed up, and Mr. Clinton
detailed why Senator Obams would be better for the country, as only he can.
In the states which have early voting, it is reported that Senator Obama is preferred, at this stage. He is also leading in eight or nine crucial states. It is starting to feel like it did in the Primary, where the Obama team wrapped up the votes in February, and Senator Clinton's team could not catch him. People around Senator McCain are advising him to go very negative, problem with that scenerio, is that when you do that in a campaign, which they have been doing, your negative rating goes up. The people are then left with the choice of a very beaten down candidate who still wins, or a very nasty looking opponent who loses. The only thing Obama can do, is to fight back and fight back hard. My prediction, very early in this campaign, not that anyone would be interested 
), is that it will be a landslide, in Obama's favor. Senator McCain represents the status quo, and that is not the flavor of the month, so we will see, there are still a few weeks to go. Senator McCain could find himself another war, to put his commander-in-chief of wars uniform, back on the front burner.
Billy Joel and Bruce Springsteen, will be giving a concert together, in New York, on October 16, for Senator Obama, ticket price will be ten-thousnad dollars a pop. I'll be watching, for the tape of the show on television, after it's over, if it airs.
Diplomatic Envoy, Christopher Hill, has travelled to North Korea, to see if he can get the officials there, to discontinue their effort to restart the process of making nuclear energy, as they had promised in an earlier agreement, the North Koreans said that the U. S. officials, did not keep their word to take their country off the "countries who support terrorist list", well?
Oil slipped to $98.53, a barrel, on news that there was a jump in U. S. stockpiles.
Governor Sarah Palin and Senator Joe Biden, will debate on Thursday evening at Washington University. This will be their first and only debate. Conservative commentors, like Michael Murphy, David Brooks, David Frum, Kathleen Parker and others, have written, that Governor Palin is not qualified, not ready to step in to be President, and for the good of the country, should go home to Alaska and tend to her children. She has made many statement that leave one to wonder? One was made during the Katie Couric interview, shown in three parts, where Ms. Couric asked her what newspapers she had read, prior to being selected as John McCain's running mate. She wouldn't or couldn't or didn't want to tell Ms. Couric. What she said was "lot's of them, everyone that was in front of her", now does she read or did she get brain freeze, who knows. Ms.Couric also asked her, what other Supreme Court decision, did she disagree with, besides Roe v Wade? Again, she would not say, or could not, she repeated Roe v Wade, and
talked about states' rights. Alaska was involved in the Exxon Valdaz court case, right? She reminds one, very much of another incurious individual, who had only travelled to Mexico, before he took over the presidency, Lord spare me, please. Senator McCain spent part of his day, defending her, at the Des Moines Register in Iowa, being very defensive, and saying that he very much disagreed with their assessment, that she did not have the experience to be Vice-President, that the American people thought she did have enough experience. Now either he has been sleepwalking, or he is not in touch with reality, some fifty-one per-cent of the people, if you believe the polls, think she is not experienced enough, to take over, if the need arose, to be President. She does, she said to that question once, think that she is ready, willing and able to be Vice-President. Does anyone have a copy of the Peter Principle handy? If Governor Palin does not perform up to a certain standard tommorow evening, Senator McCain's legacy will be that, his most important decision, once he became the nominee of his party, was to go off willy-nilly, and choose someone, who was lovely to look at, with a charming personality and whatever other attributes she possesses, but with no logical interest or working knowledge of the legal aspects of the country, she would be running, or the other foreign affairs aspects, at a bare minimum, needed to stand on the stage with other world leaders and be counted legitimate enough, to be there, to represent the United States at any given time. This is truly a sad situation, the Republicans, someone said,believe that John McCain is going to lose, and before he goes down to defeat, they want him to know exactly what they really feel about his choice for Vice-President, and why Governaor Palin, may be one of the reasons why he lost the presidential race.
New York Mayor Bloomberg is going to try to change the city's charter,
so that he can continue as Mayor, I guess he likes the position. If I were a betting person, I'd bet he gets it changed. For sure he is saving the city money, he only gets $1.00 for his salary per year, for that alone, thay should change the charter, yes?
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