The Economic crisis we are facing is daunting. However, we must all remain calm. The worst thing Americans can do right now is panic. We must remember that to everything in life, and especially when you're talking about the Stock Market, there is an ebb and flow. The ebb we're in right now is bad, yes. However, we've seen worse times. Black Monday of 1987 and of course, the great crash of 1929... In fact, the Market opened higher this morning. Not lower.
Thankfully, the majority of Congress is doing their jobs. Just yesterday the House successfully shut down what Bush and McCain, and the rest of their cronies, thought would be an easily passed rescue package. Lucky for us, the majority of Congress saw the bill for what it was.
I personally hope that lawmakers completely throw out Bush's proposal and craft one of their own from scratch. Bush can't be trusted- why should we believe he will spend this $700 Billion responsibly? Now is the time for prudence and attention to a well-thought-out and bi-partisan plan. If Congress is able to work together they can find the best solution. One that will come to the aid of our financial market as well as make the greedy people at the top help pay for it.
Exhale. Inhale. Take a long deep breath America.
Sen Obama urges Calm- Video: Town Hall in CO
TIME: "Anatomy of the Bailout Breakdown"