Financial meltdown UPDATE | Arkansas Blog

Monday, October 6, 2008

Financial meltdown UPDATE

Posted By on Mon, Oct 6, 2008 at 6:54 AM

Bailout or no bailouts, the world markets are in deep distress today. The economy, like the energy market, is global. A little domestic "drilling," whether to tap taxpayers or offshore oil reserves, is no panacea.

Foreign investors fear action last week isn't enough to ease the credit crisis.

UPDATE: Dow dips below 10,000.

Four more years of the same?

No wonder McCain wants to talk about Obama -- and Wright and Ayers (what a stretch) -- and not the economy.

This analyst argues that McCain's personal attacks on Obama won't work.

UPDATE II: With the Dow off 700, NY Times reports a few words from our leader George W. Bush. Couldn't somebody just tell him to jump in Cheney's bunker for the duration?


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