Regardless of who each of us would like to blame, and there is plenty of blame to go around between both major parties, the fact remains that we are in a tough economic situation. There's plenty of finger-pointing time to be had after we get things settled down.

A consultant I once used had a phrase that I adopted. He would say we need to make decisions with "accurate speed", meaning speed is of the essence but accuracy trumps. In our case the first bill's failure may turn out to be not so bad if we get it right the next time. I've not read the 108 page bill so I can't say for sure.

In any case, it appears that there is imminent danger of the credit market constricting to a dangerous point. Keep in mind what that means. It means the local car dealer can't put cars on his lot without buyer's credit, and if he has enough cash to put the cars there he can't sell them because of no credit for his buyers, so he can't generate cash and pay his employees. It means you can't buy a car, or boat, or house, or furniture unless you can pay cash because there's no credit to be had. American business runs on credit. Like it or not that's a fact. If we don't solve the credit crunch situation then we are staring at a severe worldwide recession that may or may not further degenerate into a depression.

This is castor oil. It tastes bad, nobody much likes it, but we need it. I've written my congressman and senators voicing my displeasure with the necessity but letting them know that its a necessary Yea vote and I expect them to do whats' right.