TALKING HEADS AKIN TO RABID DOGS

It's been all but over for days now, ever since the White House flew, round trip and at taxpayer's expense, it's fair-haired Ohio Senate puppet back to Washington in the middle of the night to vote "yes" on the passage of the "stimulus" bill. The only thing left to do in the official enactment of the bill into law was to send it over to the President for him to sign, which he did on Tuesday in Denver.

So, it was all over except the shouting, but the talking heads at all of the major networks just could not help themselves; they continued, ad infinitum, to dissect, analyze, forecast and babble about the pros and cons, just as they had been doing for weeks. It's becoming to be nauseating. But, they're still going at it. Yak, yak, yakkity yak.... Just like bobbing heads in the back window of a beat-up old car.

Hey! What's going on in Afghanistan that Obama, the anti-war President, wants to send another 17,000 troops over there? Would you like to hear something about that? What's going on in Israel these days? IS THERE NO OTHER NEWS?

So, the stock market dropped. We all expected it to drop. Smart money is reacting to the passage of the dumb bill. Get over it; the market will drop more and may, in fact, dip below 7,000 by the end of the week. That could trigger a mass dumping of stock on the market and we could see 6,500 by March 1st.

As expected, the auto makers are going to have major layoffs and there will be some more banking problems and major retailers closing their doors in the immediate future. Because we know that is all going to happen, the bad news may not have as big an impact on the economy as we expect it to; it won't be a shocker to our system. Nevertheless, we Americans are very likely to hang on to our extra $13 a week in tax savings, proving, (in their feeble minds), their prophecy that cash to the citizens is not the answer.

But, why belabor these points? Maybe, if we quit getting reminded every minute that Congress and the President have passed the worst legislation in the history of mankind, we can somehow get past this and move on to what could hopefully be bigger and better things when the $800 billion actually starts to get spent next year sometime. That is, if the Chinese decide not to file a lien on Fort Knox in order to secure their loans, which I doubt they will do. Who wants to own a bunch of empty vaults?