Wasn't today's market crash directly caused by Paulson & Bush?

[ContinentalOp]

They said "the market will crash on Monday unless we act. So we're going to give $700 billion to Wall Street to fix the problem." Wall Street salivated, they celebrated, champagne corks were popping. People like Rudy Giuliani were coming up with schemes to get in on the action.

So the vote was scheduled for Monday and when the bill didn't pass, the market reacted pretty predictably. They are bummed that the party is not going to happen. The general public sees the market down, panics and causes the whole thing to crash even further.

Now, I'm not saying that there's not a crisis and that we aren't facing grave problems. But this whole narrative, this whole "timetable" was created by Paulson & Bush was it not? Of course, times would still be bad, banks would still continue to fail and we would still need to be working on an ultimate solution to the crisis but is today's downturn anything but a reaction to the politics? There were no big bankruptcies today or anything were there?

[SuperTrouper]

1. not only Bush/Paulson/McCain

but also the Republican Party.

[ContinentalOp]

2. Anyone? Am I crazy?

:shrug:

Don't answer that.