But the world still hasn't ended yet.

Two days after the House of Representatives voted down its version of the Wall Street Bailout legislation, and

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The End is Nigh

But the world still hasn't ended yet.

Two days after the House of Representatives voted down its version of the Wall Street Bailout legislation, and despite round-the-clock handwringing by the Administration, Democrat leaders in Congress, media elites and the latest bumbling brace of presidential wannabes, the market rebounded yesterday and stocks have stabilized today.

How America has gotten to the point where its economy, with a $13 trillion dollar GDP, is held hostage pending some tawdry legislation penned by professional mandarins scrambling to save the same CEO's who created this mess (and who happen to contribute lavishly to their political campaigns) is a lesson in civics which should be foremost on the minds of every voter in November.

It is so typically Washington D.C. that a four-page document submitted by Treasury Secretary Henry Paulson (the former CEO of Goldman Sachs and definition of conflict of interest), grew to 110-page and $700 billion blank check written by House Democratic leadership (See: conflict of interest, campaign contributions Pelosi, Frank, et al) and now it has ballooned to a four hundred-page behemoth with every earmark possible stapled to the Bailout legislation's flank and championed by Sen. Barack Obama (See: conflict of interest, campaign contributions Fannie Mae, ACORN et al).

Despite all of the assurances by politicians and media experts, no one has been able to come up with a simple, succinct explanation describing the mechanics how giving away going a trillion dollars in taxpayer money is going to save the economy, other than by shouting "we have to do something, now, Now, NOW". And that it's George Bush's fault.

Nor can anyone guarantee that this will be the last final, conclusive, absolute, we-really-mean-it-cause-we-lost-our-lease, definitive and penultimate bailout package Americans will be on the hook for.

You couldn't make this stuff up if you tried: Not even if you were writing a movie script designed to be a parody of life inside the Beltway. So try wrapping your brain around the fact that the Wall Street/Financial Bailout legislation in the U.S. Senate is being tacked onto legislation for mental health care; the Paul Wellstone Mental Health and Addiction Equity Act of 2007

Note: On 10/1/2008, the Senate plans to use H.R.1424 as the vehicle for the economic rescue legislation.

Along with other provisions, it's being reported $150 billion in more spending is being added to the Bailout.

 
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