What stopped me from posting about Jamie Lee, though, was when I happened to pop onto the New York Times website this afternoon only to learn that the House voted down the projected bailout -- sending the stock market on a 770-point plunge into the gutter. Considering there were students in the room, I had to bite my tongue to keep myself from uttering the expletive that sprang to mind.
Okay, I know I'm not anything remotely close to a finance wizard. My worse grade in college was in the one econ class I let my adviser talk me into taking. A lot of what I'm about to say here is pretty much steeped in the rhetoric I've heard over the weekend from CNN, MSNBC, NPR, and the like.
This morning, it seemed as if this proposed bailout was not necessarily a perfect plan but it was a doable plan that would address the problems. It seemed as if the staggered dispersal of the $700 billion was a good solution that would address the squeamishness many of us feel about that sort of money being handed out.
It seems clear that some sort of solution is needed, and I'm concerned that Congress is dragging its feet to the detriment of the rest of us. Their inability to pass this proposed bailout plan has sent the stock market plummeting. As a student of American history and literaure, I know what happens when stuff like that goes down -- banks close, dust storms come, and people become hoboes whose only substinence comes from the breast milk of mothers whose babies were born dead. Yeah! I know! People, I will not make it as a hobo!
It's time for Congress to get their act together and get something passed. The bailout may not be the cure to our woes (it's definitely not, I know), but it may at least put some minds at ease enough to keep this economy on the rails.
The ONE little sliver of silver in this cloud? At least the price of oil is dropping along with the stock market.