I know the DJIA dropped about 1%, but two good news stories occurred today

[scheming daemons]

1. The Greeks agreed on a five year austerity plan, which includes tax increases on the rich... and the largest increases go to those who are elected officials. This will stabilize the situation there substantially... even though protests are likely to continue for a few more weeks.

2. The President released 30 million barrels of oil from the SPR, effectively cutting the legs out from under the oil speculators and giving a large, indirect stimulus to the economy in the form of dollars back in the pockets of Americans, disproportionately benefitting the poor and middle class.

[a kennedy]

1. Thank you for this news........I've been feeling quite down on

all the BAD economic data. :pals:

[a kennedy]

2. Thank you for this news.....I've been feeling quite down on

all the depressing economic data. :pals:

[Terry in Austin]

3. Well, one out of two ain't bad

Can't agree that there'd be much effective about releasing a 36-hour supply of oil from the SPR.

The intent of it may be to hobble the speculators and put dollars into middle class and poor pockets, but the evidence of it is a whole other matter.

Sorry -- in view of the minor amount of oil involved, it just seems like a claim that needs support.

Good news about the Greeks getting their leaders to lead, though!

[rfranklin]

4. You won't see the Republicans buying into that "austerity" plan...

austerity does not trickle upward!