$700 Billion Bail Out Does NOTHING For Markets

I have likened the bail out plan to a band-aid on a bullet wound from day one. You put the band-aid on the wound and all it does is cover the hole and leaves the bullet inside, festering and rotting until you eventually have to operate, remove the bullet, sew it up and take copious amounts of antibiotics to kill the infection.

"A global wave of pessimism reached New York Monday morning, shoving the Dow as much as 580 points into the red and below the pivotal 10,000 level for the first time in nearly four years."

Instead of further pushing the American taxpayer into debt, Congress had a golden opportunity to cut worthless social programs, their own paychecks and other odd ball spending.

To the banks, predatory lenders and other financial institutions: FAIL. You cheat, lie and rob, FAIL.
To the homeowners who bought homes they couldn't afford. Tough luck. Try renting.
To the companies who outsourced all their jobs while Americans had to collect unemployment: Shame on you.

This $700 billion pile of craptastic crap has and will do nothing to help the problems we all brought upon ourselves. Do I know the answer right now? No, but this isn't it.

It's nothing but a band-aid on a bullet wound.