The “severe consequences” were only for the power grabbing government. The market was on the way to a self correction before Zero. This is not an excusable act on the part of the Senator. His timid submission is exactly what is wrong with this nation. We need to stop feeling guilty and start looking out for America (That does not include our bloated national government or any other folks who think that taking money from producers will make us stronger.)
The market began to falter following the 2006 elections. It has tanked since Zero became the Dim Candidate. This is not a coincidence.
Obama is a puppet for the folks who are really pulling the strings, Soros included in that category, IMHO.