Thursday, December 11, 2008

Hold On!

Well, the UAW and the GOP members of the United States Senate stared each other down tonight, and neither side blinked, thus killing the bridge loans passed in the House today. I fear tomorrow's trading on Wall Street is going to be a free fall. Could the Dow drop to 5000 or below? How many jobs will be lost in the wake of this? It's not pretty. I don't believe the automakers deserve the loans, but for the sake of the greater economy, I think they are necessary to avoid an even bigger disaster than we already have. This is not a pretty picture.

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