Ouch! That Hurt!

As my previous post warned, there are rough days ahead.

Stocks took a pounding Monday on bad global numbers and nothing positive to revive the market's lagging spirits.

The recession became official Monday - like anyone needed to hear that.

Well, maybe the news hadn't quite reached the alternate universe of Washington.

Much of the already spent bailout money was necessary to prevent a collapse of the financial markets.

However, we will not turn the corner on this crisis until two issues are addressed in the most vigorous way possible: creating jobs and stabilizing the housing market by directing help to curtail foreclosures.

The mental giants in Washington have yet to do anything substantial for these two critical issues.

What are they waiting for?