Stocks Dive 733 Points;More Fiscal Pain In Store;What Will Obama & McCain Do??

Posted on October 15, 2008
Filed Under Journalism, News, commentary |

Here we go again.

Just when you thought it might be safe to get back into the stock market–ZAP–it plunges 733 points, its second largest point loss ever….as in–ever!

This time the notion is, a steep reported drop in retail sales has spooked investors–at least those who still remain.

And, I am sure that is, in part, true.

But the real issue is that, despite the federal bailout of our banks, no one has even come close to bailing out consumers–especially since they are not consuming that much at this point.

The last debate tonight between Barack Obama and John McCain will afford each candidate one last opportunity to tell Americans how they plan to lead us out of this darkening tunnel.

Hope they don’t blow it.

Bet ya they will!

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