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Facing the Economic Panic of 2008

There’s something about October. The stock market crashes of both 1929 and 1987 occurred that month.

With President Bush’s October 3rd signing of the hotly-negotiated federal bailout bill, many Americans anticipated an instantaneous improvement in the nation’s economy. Unfortunately, things then went from bad to worse as the Dow Jones Industrials promptly responded by posting its greatest weekly decline in more than 125 years. Our troubles are far from over.

Our nation’s political establishment addresses these problems with its customary tri-fold approach:

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