Bailout

The bailout has arrived and people may be figuring out it isn't the answer to the liquidity the banks need or the stock market.

It didn't really help the markets as they closed down 150 points. It was interesting to watch because people felt a sigh of relief early, the market was up 250 at one point during the day. Then President Bush spoke and the market collapsed. It has been that way for 8 years; every time the President comes on TV he kills the stock market.

But, I digress, I don't think people realize how hard it is to expand a business or just operate without banks loaning money.

Right now they aren't and it is throwing people into a tizzy.

If the fed doesn't make things easier pretty fast people will lose interest in the bailout the stock market will suffer, the dollar will become less valuable and inflation will be a bigger threat. We had a glimpse of that today. Our market and world markets need a strong US so there isn't a world wide collapse.

This morning most of the European and Asian markets were down 5% and the US market was down over 5% at one point. The bailout and subsequent actions need to start and then they need to work to make money more available to the general public and businesses.

Then we can get an economic footing and make job growth come back.