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Here are our top three political cartoons of the week. They all make the point rather painfully. Especially in light of the weak testimony given today to Congress from both Obama’s Treasury Secretary Timothy Geithner and the confusing exchange of Federal Reserve Chairman Ben Bernanke.
Even with the Senate passing their version of a questionable “stimulus” package being sent to the House, the Dow Jones still took it on the chin dropping down nearly 5% to close at 7888 for the day. Yikes…. the market is testing the bottom again!
Investors are very concerned about the lack of specifics from the Treasury Secretary and the amount of politics and pork associated with this package.