Markets fell nearly 400 points Tuesday after the announcement that the Obama administration’s stimulus package passed, as well as details on Geithner’s Treasury-Federal Reserve partnership movements were released.

The U.S. Senate passed a modified version of Obama’s economic revitalization package Tuesday morning. The full text of which is available online.

Tim Geithner held a press conference discussing the details of a Treasury-led attempt to recover the economy by protecting assets and responding to reduced demand in capital markets, and financial institution troubles. The full text of which is available on Treas.gov.

Despite what the political establishment is trying to convince the public is good news - large government spending and protectionism in a number of ‘risky’ markets, as well as a move towards environmental sustainability through un-marketlike job conditions, analysts are unconvinced, says one economic forecaster at UBC.

And that forecaster’s opinion was outlined in the response on Wall Street today, with the Dow Jones down 381.99 points after a week of seemingly stable performance, it seems all hope is lost with investors.

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