Great Article

[Bob Hines]

http://www.minyanville.com/articles/sox-bks-spx-hgx-indices-fed/index/a/19378

Has some interesting information with how bad the stock market has done after each intervention by the government.

Very interesting in the end...
"What must be remembered about what I have characterized as "the inevitable failure of the Bailout Bill" is what that failure means. It is not a "failure" in the absolute or idealogical sense; that ANY proposal or government intervention must be viewed as a failure. It is a failure in the sense that it will not return this broken economy to "normal" as so many are hoping.

After two full decades of credit expansion, having finally reached the point where debt is abhorrent, the new reality will be a more NORMALIZED credit market, not a return to the grossly abnormal market many of us have come to view as typical.

Think about it this way; it is not "normal" to be able to walk into virtually any retail store in the country and within 10 minutes be able to access $2,000 in credit by simply showing a drivers' license. It is not "normal" to buy a home with zero money down. This is not "normal" behavior. Adjusting to the new reality of normalcy will be a painful process.

On the one hand, Federal Reserve officials, Federal Government officials, many Wall Street executives and salespeople, believe it is "necessary for our economic security" to return to that place of easy credit. I disagree with that. I believe the American people disagree with that. And so the disagreement over the Bailout Bill, though pegged in the Mainstream Media as a war between battling economic classes, might really be a much deeper and more significant faceoff; a battle for the economic soul of this country.