Somehow, this doesn’t make me feel any better about the $700 billion bailout just passed by the Senate. Do you feel better about the Senate bailout package?

Last night, as I’m sure you are reading all over the place, the Senate passed the bailout package. The thing, now, though, is that some say that $700 billion just isn’t enough to inject liquidity into the markets and stimulate the economy. Here is what Bloomberg reports on the stock market’s tepid response to the Senate bailout package:
U.S. stocks dropped for a second day as a jump in borrowing costs and reports showing a worsening economy spurred concern that the government’s $700 billion bank bailout plan won’t be enough to stimulate growth.
Quite frankly, I’m not sure that any amount of …read more