This whole bailout thing won't solve the financial crisis that is being experienced by the market, the bailout is based on assumptions that it will solve the crisis at hand, no actual facts has been proven. The US needs strong regulatory laws for their banks because this whole thing started with them and their greedy execs.
Ridiculous as it sounds, they have now sweetened the bill with $150 bn of tax breaks in an effort to sway House Republicans to vote for it. Wall Street is getting a break, so we need to give the average American on their ranch a break too... Sure, the deficit will increase, but that's just a figure on paper... Yeehah!
The proposed 700 bn bailout represents extra debt for America. The only proper way that debt can be paid, is via additional taxation. The other, Zimbabwe way, is to print more dollars. Print some more to pay for the deficit the Tax relief will cause. This spells INFLATION, dollar dropping in value, gold price soaring. OMO
On the button Vano and the problem is that if the Democrats get in then taxes WILL go up. Obama has made no secret of that! The alternative is the Republicans will print more money and there goes inflation. Either way the US tax payer is in for right royal buggering and the rest of us aren't far behind