Monday, September 29, 2008

Vote for mattresses

My wife had been pushing me to replace our old mattresses for a very long time now. Finally I agreed to replace them subject to US Congress passing the bailout bill Monday night.

We sat huddled to the TV. I had bigger material at stake in stock markets than her friggin mattresses, yet she was more tense and chewing her nails through out the voting.

Everybody thought it was just a formality and the bill would sail through to the next stage. Initial stages of voting conformed to the expectations but midway through Republicans started catching up on the Democrats and much before the final vote, 218 Nays sealed the fate of the bill and the mattresses. My wife's scream at home echoed on the Wall street as Dow Jones plunged 500 point with the fall of hammer.

The US Congress, professor of free markets and free world, re-asserted its ideology of free markets. Ironically, the same Congress has put its seal on various wars against free nations in the past.

But general opinion is that after much ado, the bill will see the light and the giant BLOB (usd700 billion) will make a fresh entry into the financial ring. What would it do there?....Take a deeeep breath...

Till then, my wife would be cursing the Republicans(and me), everytime she turns in her sleep.

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