Biggest one-day points drop ever. Good news then.

After the $700bn bailout plan was voted down yesterday, and the stock market went in to freefall, Mr Bush said this morning he was "disappointed" the House rejected the plan. He's warned Congress there is "the real prospect of economic hardship for millions of Americans" if they don't quickly pass a plan.

You know what? That's total crap, as usual. Why should we pay for the greed of CEOs and risk-taking banks? Why not let them suffer the hardship instead of forcing taxpayers to pay for their bonuses, their yachts, and their incompetence?

Once again, Bush is trying to rule by fear - by making people afraid that things will go wrong if we don't pony up the money.

Let the risk-taking financial institutions take the fall - not us.

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