On Tuesday, the Dow Jones Industrial Average (DJIA) dropped 382 points, or about 4.6%, to 7889, its biggest drop since December 1st, 2008, its lowest close since November 20th, 2008, and its second-lowest close since March 14, 2003.

And what happened on Tuesday? The Senate, with the help of 3 RINOs, at least one of whom (Arlen Specter) I hope to see lose a primary challenge in less than two years, passed its version of the "stimulus" bill. And Treasury Secretary Geithner announced the Administration's newest version of the TARP plan, a plan which will not only get government much more deeply involved in the operation of banks, but will also, according to Geithner, involve up to $1 trillion, most of which is taxpayer money. Some analysts think it will be much more.

I've written in other articles that 1) the market doesn't lie, at least not for long, and 2) the market doesn't feel very good about the Obama administration. The market made its point louder and clearer on Tuesday.

While many liberals have argued that bailouts should be spectacularly large (a "triumph of hope over experience" as Carlos Alberto Montaner in THIS must-read article), investors voted on the simultaneous passage of two grotesquely massive wastes of our money and the vote was an unmistakable thumbs-down.

Many in the media are spinning Tuesday's sell-off as the market "not having enough details" about the TARP expansion. But I don't think that's it at all. I think the market has all the details it needs. Despite the media, I think what investors really want is a signal that Geithner and Obama realize that bigger government action will not fix the problem in the short term and will exacerbate our national bankruptcy in the longer (but not very long) term.

Obama, Pelosi, Dodd, and friends keep reminding us that the Democrats won the election. Indeed they did, and although it's costing me money, I eliminated most of my stock investments some months ago because I expect this to look in retrospect like a much better selling opportunity than buying opportunity. I hope I'm wrong. But despite the pleas of some liberal readers who probably have very little in investments, buying stocks is not a patriotic duty. What is a duty is protecting one's capital in order to be able to provide for one's family.

An IDB/TIPP poll shows very strong support for cutting taxes to help the economy:

And a Rasmussen poll shows "62% of U.S. voters want the plan to include more tax cuts and less government spending."

What does this mean? As I wrote in October, just before the election, "Liberals will learn the wrong lesson from the election". Senior Democratic politicians believe, erroneously, that Democrats did so well in the election because voters substantially like Democratic policies. This is just as untrue as Republicans winning in 2004 and believing that the public's biggest issue was gay marriage. No, the Democrats won because people were justifiably sick of the GOP, but not because voters support big government liberalism. This wrongly-learned lesson will cost the Democrats dearly in the next couple of elections if and only if the GOP can put up solid, essentially libertarian candidates who focus on limited government and low taxes and not on abortion and gay marriage. In the meantime, we're living the maxim that people get the government they deserve. And boy are they getting it now...good and hard.

It's only a liberal who could think that one of the worst stock markets in American history is due to government not spending enough. It's only a liberal who can't seem to remember that the government doesn't have it's own money...it has yours. (Except of course for the money it just prints, which is little different from just taking yours.)

There's an often-quoted phrase: "If you find yourself in a deep hole, stop digging." The Obama Administration just keeps buying bigger shovels, however, and the stock market just keeps falling deeper into the pit, and your retirement savings, your kids' college funds, and the solvency of our own state, local, and even federal governments.

One thing I should apologize for: During the election, I said that I thought the economic turmoil would curtail the Democrats' ability to turn us into a socialist country. I was wrong. McCain's behavior in the past week makes me wonder "where the hell was that guy four months ago?" He's been right on target in opposing this "stimulus" which will stimulate only the massive and permanent growth of government. If only he'd been today's John McCain when the first stimulus vote came around. In any case, the stimulus bill now includes a heavy poisonous dose of Daschle-care. So, to the extent that I caused anyone to have some hope that an obviously socialist president might not be able to destroy our economy and our capitalist system, I apologize.

Politicians are no smarter or wiser than most other Americans. And they certainly live in an insular world of power-grabbing. This means that the Democratic leadership will continue to believe that they won the election because voters like their ideas. It's a self-delusion, but one whose cure will be extremely painful to the rest of us. The worst thing that happens to Chris Dodd is that he'll retire into his "friends of Angelo" mortgaged-home with his large government pension and benefits. As for the rest of us, we'll be paying for the economic sins of him and his idiot Keynsian leftist colleagues for the rest of our lives...and if you think that's hyperbole, read some history of the New Deal. No, friends, we have a generation or more of suffering coming because the GOP was stupid enough to give stupid voters a reason to vote in stupid liberals in essentially incontestable majorities. Yes, we're all getting the government that Obama voters deserve. The stock market is just making it clear to those who were still, through all this Congressional cluster-f$%k, too stupid to notice.

Dow Jones Industrial Average to Obama and Geithner: "Take your bailouts and shove them."