On
September 24, 2008 at 3:17 am EDT the messenger planet Mercury
located in Libra (denoting "choices") went "stationary" in
the sky in preparation for going retrograde. In astrology, at
the point when a transiting planet goes "stationary" in
the sky (in preparation for going either retrograde or direct),
it is a time of the planet's greatest potency. Stuff happens.
Later
that night at 9:01 pm EDT with Mercury (commerce) still stationary
and located in the 6th house conjuncting the planet
Mars (action) and quincunx Uranus (surprise, shock) US President
George W Bush went before the nation to announce the Economic Pearl
Harbor of our generation and the dire need for an immediate massive
700 billion bail out of Wall Street.
Enter
several crazy, neurotic, and frantic days of negotiations by
suspicious Democrats not willing to give George W Bush any more
blank checks...
(fool me once, shame on you... fool me twice, shame on me...)
On September 29, 2008 with our nation (and world) appearing to
literally be on the brink of economic disaster, conservative House
of Representative Herbert Hoover Republicans - fearful of keeping
their jobs in the next election, staunchly holding on to their
belief in no federal regulations on commerce (that drove our nation
to this brink of disaster), and ticked off by an unfortunate last
minute diatribe delivered by Speaker Nancy Pelosi - have voted
no on the much needed bail out.
Wall Street (with all the good, the bad, and the ugly) is, like
it or not, directly linked to Main Street. No one is thrilled about
bailing Wall Street out - but when Wall Street falls, Main Street
falls.
I'm just old enough that my parents lived through the last Great
Depression brought about by Herbert Hoover Republicans, and although
my parents and our nation survived it and were eventually made
stronger by it... call me crazy, but I don't especially want to
live there.
Right
now anyone who has a small business or is self-employed is already
- in just the past month - beginning to feel the initial
squeeze. Credit has already dried up on Wall Street and now it's
begun to dry up on Main Street. Next time you need new credit for
a car loan, you'll discover the initial squeeze for yourself.
Whether
you're for the bail out or against the bail out... whatever your
personal politics... no matter who you blame for this crisis...
stay tuned, as I'm sure the trickster planet Mercury (along with
Mars and Uranus) has plenty more surprises in store for all of
us before this is all over...
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