Stock Market Continues Adjustment: $700 Billion Mistake Didn't Make a Dent

I wrote on September 28th the following: No $700 billion ever made can stop a crash of a financial system that people have lost their trust in and believe is unstable.

And today's stock market results bear that out: the Dow was down over 800 points today before the market underwent a last-minute rally, which allowed the Dow to close down 300+ points instead of the 800 points that looked likely as the clock ran out.

The problem now is that the global markets are crashing as well. A lot of Western countries do not have an FDIC to safeguard their deposits as we do, and when a government rushes in to save a bank, it has adverse effects on their own stock markets, which are also tied into Wall Street. And investors are panic selling, because they believe that the financial system is weak and unstable.

Welcome to the dark side of globalization.

Is it too late to revoke the bailout? If it isn't going to work, then they should not proceed with it at all.

This has been the strangest bill in quite a while; the size of it is HUGE; Wall Street didn't want it, the politicians say they didn't want it but attached $150 billion in pork to buy off their colleagues to vote for it, Wall Street put it's reaction on public display by losing hundreds of points on the days that the House and Senate voted on this bill; then they said it probably wasn't the fix that was needed. Then Wall Street lost hundreds of points more over worry that the money won't come fast enough. And the taxpayer's on the hook for the entire $850 billion package with little to no hope for a return.

The entire mess should be repealed and re-thought; throwing money away like this is UTTER stupidity!

Some Aspects of Heath Ledger's Death Are Very Troubling: Why Was 911 Fifth on the Call List and Not First?

More aspects of how Heath Ledger died have emerged in the last couple of days, and some of the details are deeply disturbing.

According to the police, the masseuse kept trying to call one of the actor's friends at least four times after she discovered Ledger unconscious. 911 was the fifth call made. Of all the idiotic STUPID blunders!

What does one do after determining that a victim is unconscious?

CALL 911!! Not Mary-Kate Olson. DUH!!

We teach that to fifth graders; surely a mature responsible adult knows how to dial 9-1-1. Someone needs to scream at the masseuse. And the housekeeper.

He may have been already dead; he may have been warm and dead, or in a deep coma. We'll never know.

One friggin' disaster after another.

Michigan's Primary May be Over, But the Fight Between Michigan and Both National Committees Sure Isn't

Michigan's primary--such as it was--is said and done, but there's still major trouble between Michigan and both national committees. This primary (and Florida's) will throw some big wrenches into the works if the Presidential Election in November turns out to be close.

I am of the opinion that the Republican and Democratic National Committees (dis-respectfully) needs new leadership. That's aimed more at the DNC more than the RNC. The RNC only docked half of Michigan's delegates and voting power, while the DNC completely stripped Michigan's represenatition at the Democratic National Convention. The Democrats even canceled hotel reservations for the Michigan delegation.

Further, the RNC punished every state that has a primary before Super Tuesday. That was, in my opinion, a more measured response than the Democratic one.

Under the current leadership, the DNC disenfranchised seven million registered voters in Michigan and ten million registered voters in Florida. They whined and bitched about thousands of disenfranchised Florida voters in 2000, and fought for every vote. Yet now, they deliberately did to their own voters what they accused election officials and the Republican Party of doing in 2000. Is this a violation of the same equal protection clause cited by the Supreme Court in 2000 in Gore vs. Bush?

The replacement for Howard Dean should be from Michigan or Florida, and there should be no one on the DNC who favors keeping the current primary system. The system is so rife with favoritism toward particular states that it should be scrapped if it isn't changed.

I also think that the RNC needs a housecleaning too. They need to back off of the current system as well. It's broken and needs to be fixed. They should get with the program, or get out of the way and have more open-minded people take their places.

Shame on both committees, and double shame on the DNC.