We see George W. Bush on TV telling us the "economic damage will be painful and lasting". We see Paulson saying jobs will be lost, the stock market will be affected, and all the congress is up in arms about this bailout package.

When I was taught to invest...it was said that you had to have a LONG term approach and the golden rule is to never panic. Here we have the secretary of the treasury, the federal reserve chairman, the president of the united states, and now congress is all talking about how they have to do something NOW and it has to be DRASTIC! These words would send chills down the spine of my instructors and it should to anyone who teaches economics.

The thought that 'these are the folks that are supposed to be calm' but are completely the opposite tells me that they are incompetent and only do things to fix the here and now while ignoring the impact this will have on future markets or future business. The fact that they are even scrambling to try and get votes to spend $700 BILLION on something they are not even sure will fix the problem indicates again the level of incompetence...and especially those who VOTE YES for the stupid thing like Chet Edwards did yesterday. Spending that kind of money on a blurry plan that gives NO means to pay for it seems kind of ludicrous to me.

When will the real leaders of this country come and take it back from the children who have screwed it up?