U.S. Bailout or Bust!

Unless you’ve been living in a cave the past week or on one heck of a Vegas bender, you know the news has been dominated with more bad news for the United States and some major fears of having a second Depression are being openly spoken as a genuine possibility. If you’ve been keeping track, you probably already have one heck of a list collected already of different “Doomsday” economic quotes. “Rome is burning,” “The sky is falling,” “Depression’s looming,” etc.

Add in another gigantic bank failure, in fact Washington Mutual was the largest bank failure in U.S. history, and talks about bank lines, and people are naturally getting really antsy about the state of the economy. Fear seems to be ruling most investments tied around the dollar, and until some type of certainty becomes clear, there’s probably nothing but more bad news on the horizon.

The arguments for and against the $700 billion aid bill are numerous, but in the end the problem is there doesn’t seem to be any agreement on what actually will work to make things better (or worse) than they already are.

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