More notes on the bailout

A couple notes:
A lot of Democrats also voted against the bill. But, the Democrats didn't want to push them to vote for it when the Republicans were overwhelmingly against it or it would seem like a Democratic plan and the Democrats would lose the upcoming election.

The Republicans are using this opportunity to blame Pelosi for what they say was a partisan speech right before the vote, and by extension the partisanship of Democrats in general. Republicans were not solidly on board anyway and hearing Pelosi be partisan (they say) moved some of them back to no. Kinda childish.

Congress should not go home before this is resolved.

What next? Nobody knows. If we're on the brink of catastrophe, maybe its too late already. If the economy has been holding on by a thread for a while, just waiting for something, then I can only imagine the thread has broken now.

My analogy: We're all linked by a chain circle, treading water in a big lake called The Economy. Some of us may go down all the way to the bottom of the lake and drown through our own fault or the fault of the system. But everybody who is near that person also goes down whether they did anything or not. Further and further down the chain circle maybe some people are far enough away from the person who sunk to the bottom that they can stay above water, but it gets harder and harder.

This problem affects the credit markets, not the investment market - or at least not in the way regular people understand it.
Its credit - people can't get credit. If a company can't get credit, they can't continue growing and manufacturing and building and that means they contract. And that means I could lose my job. This isn't just about people's mortgages anymore.
The reason banks don't lend money is because they don't have as much extra money because the valuation of their mortgages is out of line with the amount loaned.
So, a bank doesn't have expendable capital.
So, a developer can't get money to build a building
And they don't hire general contractors to build the building
And they don't hire subcontractors to build the building
And the subcontractor fires me.

That's what I've been told and I'm willing to spend my 5k per taxpayer to make sure I have a job.

Maybe we can survive. Maybe the markets will right themselves. Maybe the people will find a way. Its entirely possible. I hope it happens.

If we wait too long, we'll know the answer.
The House is back in session on Thursday.
I don't understand why they're taking the Jewish New Year off, and why its two days.
I don't feel good about that.

Speaking of the Congress. If the members don't follow the leadership, what's the point of having leadership? Congress is partisan because people are either Democrat or Republican. But, they don't even follow the leaders of their partisan group. So, what are they?
i think idealogues are not statesmen, they don't understand compromise and working together. They shouldn't be part of government.

I hope I don't get sick to my stomach from the stress of this.