The question that continues to roll around my head is the one that no one seems to be addressing – where do we go from here?  

Go to the news website of your choice and do a little research.  See if you can find what the next steps are.  Will the bill be rewritten?  When does the house come back? What needs to change in order to pass the House?  If it passes the House how do we know the legislation will pass the Senate?  Where is the President?  Beyond him being “very disappointed” how is he working with the Congress move this forward.

Let’s forget the credit crisis and the impact the lack of liquidity will have for one second – what is killing the Market and economy now is uncertainty.  The longer direction is lacking, the longer the market is in the fog of uncertainty, major volatility can be expected which will only intensify the lack of credit available to the market.

Update

Bloomberg.com has the only “next step” I’ve been able to find.  The Senate will be back in on Thursday an may pass something and then send it back to the House.  

At this point even the politicians have no clue what is coming next and they admit it.

Related posts:

1. Senate says "yes" to another six months of home buyers tax credit and unemployment This is both a positive and a negative for the...
2. White House: Yea, no job growth until 2010 – our bad – and Health Care… we are coming for you The Federal Reserve and Timothy Geithner have said, on a...

Related posts brought to you by Yet Another Related Posts Plugin.