Bailout Plan

It passed and I feel strongly against it. I think it is horrible for the US economy and essentially the global economy as a whole. This is what MOST people don't know - rather than go on a diatribe about what a bad idea the bailout plan is... I will let the stats speak for themselves

Current inflation rate in the US is 5.4 %
The government needs to sell hundreds of billions of dollars in bonds to finance this bailout (i.e. - they don't have the $$$$$)
The economy is already over-leveraged and if they the FED cuts interest rates investors will take their money elsewhere
If they cut interest rates inflation will also go up
The bailout is likely to cost every American up to $2,300
The US has more than 1,000 billionaires. More than anywhere in the world
CEO compensation increased more than 20 % in 2007
Average corporate revenues increased less than 3 %
The average CEO made 10.8 million dollars last year
The President of the USA makes $400,000 a year

Source: Economic Research Institute

Also the Sarbanese Oxley Act - which was a rush to judgment over accounting discrepencies in the Enron scandal is partly to blame for this melt down.

That's all.