YouTube Zennie62 News

September 29, 2008 – The Bailout Fails; The Market Falls

September 29, 2008 – The Bailout Fails; The Market Falls

September 29, 2008 – The Bailout Fails; The Market Falls

This is The Blog Report for September 29, 2008, or “The Crash of 29” – the day the stock market saw it’s largest one-day drop in American History.
On this day, the market reacted to the failure of the U.S. House or Representatives to pass The Bailout Bill, the Emergency Economic Stability Act of 2008.
I discuss the implications of this action and the political fallout behind it. Moreover, I take aim at the unintelligent view of people who claim that government’s not in the market and should not be. In point of fact, there’s no place where Government isn’t in our lives. Thus, we must make sure it works.
I also take on Senator John McCain, who deserves blame for the failure of the bill’s pasage as much as he believed his involvement would deliver House Republicans — that did not happen. Senator Barack Obama was smart enough not to try and out-do Senator McCain, but to let the Congressional House do its job.
via IFTTT
http://youtu.be/pX8SQw7l8LI

Zennie Abraham
Zennie Abraham | Zennie Abraham or "Zennie62" is the founder of Zennie62Media which consists of zennie62blog.com and a multimedia blog news aggregator and video network, and 78-blog network, with social media and content development services and consulting. Zennie is a pioneer video blogger, YouTube Partner, social media practitioner, game developer, and pundit. Note: news aggregator content does not reflect the personal views of Mr. Abraham.
https://www.zennie62blog.com

Leave a Reply

Your email address will not be published.