On the London markets the Footsie is currently up 21 points or 0.44% although markets in Frankfurt and Paris are still below yesterday's levels.
The American markets have just opened at the Dow Jones is currently up 225 points after yesterday's fall of 777 after the Congress vote became public
George Bush has just spoken to the American people following stating the painful consequences of the measures not being passed and assuring the wider world that the political infighting will be ended.
On that note a big hats off to David Cameron for his emergency speech in Birmingham earlier today when he appeared to be putting party differences aside and George Osbourne has left the conference to be at Alistair Darling's side.The Prime Minister having briefed both Cameron and Nick Clegg last night.
The story coming out of America is that the plan failed because the American people wanted a hit at the Wall Street bankers.It was noted that Congressmen under the most electoral pressure voted against the measures.
This maybe exemplified by a poll in the Washington Post this morning which
revealed significant public concern with the bill Congress rejected yesterday, as few voters said the package did enough to protect "ordinary Americans," and nearly half said it did not go far enough to shore up the nation's economy.
No comments:
Post a Comment