Stock market has priced in OBAMA victory

and is starting to rally big. The real market move will come next week after the election

ONE WEEK FROM CHANGING AMERICA - OBAMA pt1

Consumer confidence plunges to lowest on record

Consumer confidence plunges to lowest on record in wake of financial turmoil, layoffs

WASHINGTON (AP) -- Layoffs, plunging home prices and tumbling investments have pushed consumer pessimism to record levels in October, a private research group said Tuesday. Wall Street shook it off, though, focusing instead on higher global markets amid optimism the Federal Reserve will ease interest rates
furtherhttp://biz.yahoo.com/ap/081028/meltdown_economy.html

Bailout Package a FAILURE Thus Far

The Treasury has given $250m to banks and credit card fees keep going up, allowable credit limits are cut in half and the banks use the money to buy other banks! The Paulson plan is GARBAGE imo. The US should have used the British plan wherein banks are REQUIRED to loan money, not hoard it in the vault. The reason we are typing into a recession now is there's no LENDING going on right now.

Once the democrats get in perhaps the plan will be revised!

Consumer Confidence New Low

WASHINGTON – An impatient White House is serving notice on banks receiving billions of dollars in federal help to quit hoarding the money and start making more loans.

White House press secretary Dana Perino told reporters Tuesday that the Bush administration is trying to "get banks to do what they are supposed to do," which is lend money. Though there are limits on how much Washington can pressure financial firms, she noted that banks are regulated by the federal government.

Perino said that the administration is watching lending activity very closely and working with the banks to step it up. She said that Anthony Ryan, Treasury's acting undersecretary for domestic finance, was delivering a speech in New York on Tuesday that made this point.