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line: In January 2011, the progressed Moon is going to hit transformative Pluto and this piece of legislation will be superseded by something else.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.