Bailout Plan is Going to Fail to Pass

[Swing low, sweet chariot. Comin' for to carry me home.]

speaking for all those who are financially illiterate, what now?

we all start humming "Smells like Teen Spirit"...but it's not all bad news, at least someone used Fail as a verb in the title of this thread.

[Swing low, sweet chariot. Comin' for to carry me home.]

wouldn't it be great if this never passes and yet the economy begins to recover

[Swing low, sweet chariot. Comin' for to carry me home.]

IMO, based on the events in the market this morning, before the House even voted, I doubt the passage of this bill would have done much to help things.  The government was been stepping in for the past year and has only made matters worse.  At this point, it might be better to let the panic run its course.

[Swing low, sweet chariot. Comin' for to carry me home.]

TX: 9-23. Majorities against in both parties. Hinojosa, Reyes, Gonzalez, Edwards, Eddie Bernice Johnson; Kevin Brady, Granger, Lamar Smith, Sessions for.

Brady is my congressman

[Swing low, sweet chariot. Comin' for to carry me home.]

At what point does the current crisis start to effect Foreign Direct Investment (FDI)? Will we see a further slump in the market as foreign capital pulls out further from the American market considering it too risky?

all markets are falling, not just the US.  US bonds are going up due to a flight to quality.

[Swing low, sweet chariot. Comin' for to carry me home.]

Well, anyway, everybody on this thread is suddenly an expert in economics.  Funny, none of you had any good investment advice during the multitude of threads asking for it.  None of you had any good advice.  Now, every goddamned one of you is an expert.  George Bush says jump and 70% of all Democrats and 33% of all Republicans are suddenly asking, "how high?"  I know that when I wake up in the morning, the earth will still be spinning on its axis, at a rate of one revolution per 24 hours, and whether or not the stock market crashes, I'll get up and send my child to day care, and show up in class.  And I know that if the congress once again starts to talk about burdening every man, woman, and child in America with the debt of foolish aristocrats, I'll again do whatever I can to convince my elected officials to spend that money more wisely.  We should invest in our future.  Plant trees and educate our children and eat right.  But we don't need to spend another 700 billion on one of George Bush's "we need to get this done now because it's imperative for our national security" schemes. 

well, if the bill passes, we don't know for sure if it is going to work....but, seeing how today was a little preview of what's to come, I think we now know for sure what is going to happen if it doesn't pass.

My advice?  Buy a gun...and a lot of bullets.

And in their next interview, the MSM might do us all a favor by asking Sarah Palin how to shoot, clean, and prepare moose.  Palin may be clueless about anything outside of Alaska, but she ain't gonna starve like the rest of us.

[Swing low, sweet chariot. Comin' for to carry me home.]

Dollar is actually faring ok - up slightly.

the dollar has been kicking butt for the last two days.  Word has it that the EU is more exposed than the U.S...so the trend is expected to continue.