It'll be down to 80 tomorrow and up 300. This volatility is ridiculous.

This is more than just a one day event. Printing money will do that to everything not just oil.

The bail out is key, the countries economy is real down turn and it is the only way to right the ship.

At the current time we have almost no commercial lending and the lack of capital will/has drive the commercial sector down. The commercial sector is generally not over built and the vacancy rate is low.

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Loving my BMW

Just an FYI if you think bailouts are "good". For the S&L bailout in the '80s the estimated cost by the Govt was "50B", the actual cost was nearly 2 times that. So, figure 2 TRILLION dollars...still think it was a good idea? What exactly is the down side, a worse economy versus debt forever and a dollar worth less than the paper it was printed on. The dollar has steadily decreased in value since the rumor of a 700B bailout happened. There is a reason the last two remaining investment banks have switched to true bank status, meaning they can take deposits, apparently someone just realized investment based on other peoples insight is risky.

What is the consumer debt in the US? Would tax payers want their money to pay of their debt before a investment firms? Remember, the Government has NO MONEY. They only have the money you have allowed them to take from you.

IMO, if this passes the United States is no longer a free-market Capitalist economy, so those 'capitalist rules' should go away. And with this socialist mentality, we should be next focusing on a USA Oil & Energy Company.

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An unwavering defender of those I see worth protecting.

"promote the general welfare, not provide the general welfare"

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

The cost of bailouts are different than spending on social programs or consumer debt.

With a weak economy you have much more cost:

1) Lower income tax at state and federal level

2) People and Companies in distress that the government will need to support

The bailout plan solves the problem, liquidity in the capital markets. Once the capital market is made solvent the economy will be able to function/grow. This fixes the route of the problem and should take away the need to save a company or bank every day/week.

Somehow people view "Wall Street" as bad, but "greed is good" and it is the corner stone of the capitalism.

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Loving my BMW

I fundamentally disagree with the concept that greed is good. Markets require a certain amount of regulation. That can be self-regulation, government regulation, or whatever, and it can range from almost no regulation to strict controls. We just need to decide how much, and what method to use to apply those regulations.

What has led to the current problem is unchecked greed, the lack of a real regulatory framework, blind faith in continuous growth, and uneducated consumers who got on the train, figuring that it was going to go forever.

Ambition is good. Creating value is good. Speculation, betting on companies failing or not without having a stake in the outcome other than the bet, or hedge, is fundamentally wrong. It just doesn't add any value, and eventually it catches up to you. It just caught up to the US.

Perhaps the question is whether the US is really a free-market economy, given the influence of lobbyists and others.

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2007 X3 3.0si, 6 MT, Premium, White

Retired:
2008 535i, 6 MT, M Sport, Premium, Space Grey
2003 X5 3.0 Steptronic, Premium, Titanium Silver
2002 325xi 5 MT, Steel Grey
2004 Z4 3.0 Premium, Sport, SMG, Maldives Blue

Lets leave the greed vs ambition discussion aside we need funding/liquidity for the capital system work and we need some plan to take the economy out of its tail spin. Lets hope that the "bailout" works!

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Loving my BMW

Why leave it aside? Do you support or participate in speculation that doesn't add value to the process? And out of interest, are you being saved by this bailout?

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2007 X3 3.0si, 6 MT, Premium, White

Retired:
2008 535i, 6 MT, M Sport, Premium, Space Grey
2003 X5 3.0 Steptronic, Premium, Titanium Silver
2002 325xi 5 MT, Steel Grey
2004 Z4 3.0 Premium, Sport, SMG, Maldives Blue

I think the bailout will simply sustain a failed system for sometime, but it will fail again. The math is simple, spend what you have. Credit allowed individuals, corporations and governments to spend what they don't have on the assumption that will make in the future. Now everyone is in dept.
The justification for the bailout is that if we don't act we will cause significant damage to economy and market liquidity. We need the liquidity to allow for MORE borrowing.... enough with the borrowing already!!!
Not to mention, did you hear that the bill proposed by the treasury will allow Paulson full control over the 700B with no oversight. Stuff like this should scare the pants out of everyone!!
The Dollar is getting killed. The Tax payer is getting the short end of the stick on so many levels!