Another great video at John Amato's house. Cramer also predicts a massive Democratic sweep in November. At some point before then, someone needs to grab the president by the lapel ONCE AND FOR ALL and smack him across the face with a hammer glove and beg him to make the right decision for once in his failed presidency.
Put it another way, if your 401(k) is invested in a mutual fund -- say a conservative S&P index fund or the like -- and the market drops 2,000 points in a single day? That will have erased years worth of gains in a single 8 hour span. AND with still no established bottom.
Why? Because of Bush Republican deregulation of the mortgage industry; because of President Bush's naming of Ben Bernanke to take over the Fed; and now for President Bush's utter lack of response to this crisis.