I have been reading many headlines that go something like, “Stock prices fall as bailout is disapproved.”

I have read a lot of back and forth arguments from different news sites and investment sites.  All in all I think it is a good idea if we don’t go through with this bailout.  As a tax payer I don’t see why my tax dollars should pay for the mistakes of banks.

Of course all the people who have a heavy stake in the financial sector will want this bailout to go through.  Well, it doesn’t look like it is going to go through.  Our congress has decided against the bailout.  The decision has caused the dow to drop hundreds of points.

The government says that the bailout will prevent catasrophic damage to the economy.  If the financial sector is left to fall as it is then it could collapse the whole economy.  This is only stated and there is no proof or explanation on how it would happen.

Many others think that this decline will only last so long and will be what is necessary for the economy to correct itself.  I agree with this.  Many times in the past this has happened and the market will always correct itself.

We are in for exciting times.  Historical things are happening all around us.  We may see our first black president, or we may see our first women vice president.  We may also be on the verge of another depression.  It is no doubt interesting to me and I will enjoy watching this show.