The American people should congratulate themselves for finally stopping the bailout frenzy before Congress. That announcement was made last night by angry Senate Democrats who could not come up with enough numbers to stop a GOP fillibuster.
U.S. Sen. Bob Corker of Tennessee emerged as the hero of the American people on this issue. Yet he tried to get a compromise. He said the obstabcle was the UAW, refusing to cut their wages to those paid to foriegn automaker workers.
Wall Street is expected to plummet today. And economists now are predicting a 20 percent decline in January for the stock market. It now may too late to get your money out of mutual funds.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment