muddled, befuddled, mess…

After today’s vote in the House, there was an immediate reaction on Wall Street, the Dow Jones industrial down nearly 7 percent, about a 780-point decline which was the largest one-day point drop ever for the index.

Wow… oh, how we are a tumbleweed in the wind, blown to and fro as the winds of change flow down through the valley below.

To be honest, I was completely surprised to see the Republicans so starkly oppose the bail-out plan presented by their commander-in-chief’s administration. I am wondering… are they against the bail-out plan altogether or are they being stalwarts, trying to get back to the original bail-out plan proposed by Mr. Paulson. The copy I am reading suggests that reasons lean toward a refusal to vote for a mud-sandwich of a proposal, as many that supported the bill did so with disdain.

Personally, I am hoping that the market will be left to balance itself… that the new administration would enact regulations that ensure something like this does not happen again. And I am hoping that America, with it’s lavish lifestyle based on consumerism and spending will see the evils of corporate greed and individual (un)accountability. Either way, this is going to hurt the ol’ pocketbook, as some have already lost a big portion of their retirement investments.

Remember: Getting back to equilibrium entails a “righting of the ship” in which excess is thrown overboard and the necessities are rearranged to ensure proper balance and safety in the turmoil.

funny note: McCain takes credit for bill before it loses… ha!