More cheery news – the US government didn’t get its $700billion rescue package approved. Apparently the Republicans thought it was a bad idea to be seen bailing out the financial fat cats with tax payers money … mostly because the voting public might have an issue with it, and therefore not vote for them at the next election. (Mind you, US voters don’t seem too bothered about what the government do – after all, they gave George Dubya another bash at being president even though he accidentally started a war, so perhaps the Reps needn’t have worried so much.)
Following the ‘no’ vote, a few hundred billion more got wiped off the value of stocks are shares as the panicking markets took a collective dump down the leg of their sweaty pinstrip suits when they realised that ‘daddy’ wasn’t coming to their rescue. Oh diddums.
So ’nice one’ on the ‘no’ vote guys. Doesn’t really solve anything though, does it?
Oh and if anyone in government (British or US – I’m not fussed) has a good idea about how to fix this little hiccup without a $700billion bail out, do speak up.
