Mother of All Bailouts Signed into Law

On Friday, the House of Representatives passed the “mother of all bailouts,” formally known as the Emergency Economic Stabilization Act of 2008 at 1:22, after the Senate approved it Wednesday night.

NPR reported that President Bush signed the bill into law an hour and a half later, which would produce a time of 2:52. The AP transmitted pictures of a smiling Bush after he signed the legislation at 3 p.m. Friday.

You can’t blame Bush for feeling proud of himself, but evidently our shotgun legislation has not stopped the contagion from spreading to European banks. Over the weekend, the leaders of Germany, France, Britain, and Italy met to discuss the financial meltdown, which has leapfrogged across the Atlantic to Europe.

In terms of the chart for the bailout, I’ll bet NPR was rounding a little bit. I’ve arbitrarily set the horoscope for 2:55 p.m. in Washington D.C., with the understanding that it could be off by a few minutes in either direction.

On the face of it, this is a pretty strong chart. You’ve got Jupiter in Capricorn rising, trining the chart ruler Saturn in Virgo in the eighth house of other people’s money. Venus in Scorpio is at the midheaven, making beneficial sextiles to Jupiter and Saturn, the planets that rule financial cycles.

Saturn is opposing Uranus in Pisces, though, in the second house earned income and resources, suggesting there will be some unexpected consequences for the nation’s finances. Another indicator that everything isn’t known about this bill: Mercury retrograde in Libra.

The Moon, which rules the people in a mundane chart, is close to 2 degrees of Sagittarius, conjunct by sign with Pluto.

Here’s the bottom line: In January 2011, the progressed Moon is going to hit transformative Pluto and this piece of legislation will be superseded by something else. Perhaps a new currency will be introduced. It can be said with certainty that the change will have a huge impact on U.S. citizens. This is a stop-gap measure at best. But you don’t need an astrologer to tell you that.

The inimitable Jude has two charts up at Stars Over Washington, one for 2:52 and the other for 3 p.m. I’ve been a great fan of Jude’s since I stumbled into the blogosphere last March. Now that I know she’s got four planets in Capricorn, I understand the fascination with robber barons, past and present.

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6 comments on “Mother of All Bailouts Signed into Law

  1. Zounds, great work, Monica! Linking to this post as soon as I get something up – perhaps an image of the chart for 2:55 pm after I squintily peek at ‘2:52 pm to 3:00 pm.’

    Thanks a bunch, jude

  2. Jude — You’re most welcome. I will definitely link to you when you’ve got something up. I love all the symbolism you use in your interpretations! Best, Monica

  3. Monica – Loved your timely piece on the signing of the mother of all bailouts. By the way, it was actually Saddam Hussein who coined this expression. Then, it was “mother of all wars,” which is still lingering, as are the Bushes).

    I have found a better chart than yours, I think. As with the “true horoscope of the USA,” in my opinion, what counts is the moment a decision was made, rather than when some declaration or signature is attached to a document.

    So I deducted 1 and a half hours from the time President Bush signed the bill and voilà: October 3, 2008, 13:22, Washington D.C.

    That’s when the result of what those who had the last chance to reject or approve was known. Pelosi was radiant!

    That President Bush would sign was pure trivia. Obviously he would.

    In this “alternative chart” I found the following salient points:

    1) Cutting planet Saturn; trailing, Uranus (By my definition, cutting is the planet facing the greatest void of planets in a counterclock way).

    Interpretation: Starts under duress (Saturn), will end in big upheaval (Uranus, retrograde).

    2) Ascendant at 2 degrees conjunct Pluto. Which is stronger? Extremely salient, corresponds to the situation.

    3) Mercury, retro, spot on MC (4 minutes only!). Read viewer comments reported by the BBC: An estimated 80% think that this fix is a bad fix and will fail. Of the remaining 20% about half “hope” it will work out. So do we!

    4) In my type of interpretation, there is no true ruler to this chart. Have to “fish” for the ruler of the Ascendant. It’s Jupiter, but very weak: Pluto on top of the Sagittarius Ascendant spoils the fun. Furthermore, Jupiter is square Mercury (R) and Sun.

    5) Moon, always important in mundane astrology: The Moon represents the “masses.” Having just entered the sign of optimism, Sagittarius, it corresponds to what the Democrats hope to achieve: be heroes and show leadership!

    Could not resist overlapping the chart we are talking with my favorite: Wall Street’s. My conviction that during the coming November we may be able to buy stocks at basement prices for the probable January rally is greatly reinforced!

    Always beware of free advice.

  4. Thanks, M!

    Got a little something up now…but have published dual charts elsewhere (2:52 pm + 3:00 pm thanks to you!) because in my browser charts display better at SO’W…perhaps it’s the darker background. jc

  5. Gian Paul — I’m glad you have recovered from your “defeat” of predicting the bailout bill wouldn’t pass! 🙂 I, too, have suffered many defeats in the predicting business, but we must go on, mustn’t we?

    In terms of the “mother of all…” this is a fairly common expression in the U.S., though I have no doubt that Saddam said it, and was glad to learn that he did.

    I have no doubt that you are correct and the bill will end in chaos, whether because of Uranus or something else, I’m not sure.

    Your comments are always appreciated. Sorry it took me a while to “approve” this one. I was traveling yesterday. Best, Monica

  6. Hi traveling Monica, guess you had fuel for traveling!

    Gian Paul, I appreciate your comments on the 1:22 pm chart which I also thought was very interesting – and it’s always good to use the chart where a definite time is known.

    (And Monica you clued me in on the House’s passing as 1:22, thanks again.)

    Wondering if anyone has looked at the 1:22 pm chart in relation to the chart for the Fed? jude

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