September 22, 2008

HE MAY RIDE A UNICORN THROUGH LIBERAL FANTASYWORLDS...:

Stocks Fall on Objections to Rescue Plan (MICHAEL M. GRYNBAUM, 9/22/08, NY Times)

Stocks fell sharply and oil prices suddenly spiked on Monday as investors anxiously waited for Washington lawmakers to hash out the details of the biggest government bailout in history — a politically fraught process that will create a new slate of winners and losers on Wall Street.

That uncertainty, about a shaken financial system still in flux, appeared to spook investors away from assets tied directly to the health of the American government. The dollar dropped sharply against the euro, and oil prices jumped, closing up more than $16 a barrel.


...but playing politics here in the real; world has consequences that Mr. Obama seems not to realize.

Posted by Orrin Judd at September 22, 2008 4:00 PM
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