Ah the stock market is essentially where it started this week

[nadinbrzezinski]

that is a VERY VOLATILE market

If this does not work... the bailout... you'll see more panic

[marmar]

1. Bubble gum and bailing wire.....Just delaying the inevitable.

:scared:

[nadinbrzezinski]

2. The inevitable is here already

But we are truly in uncharted territory

[Jackpine Radical]

3. Holding it together until after the election.

Just keep telling yourself the fundamentals of the economy are sound.

[lapfog_1]

4. And it only cost us

$260 B in real money and something like $1 T in future promised taxpayer dollars.

That's an expensive E-Ticket for that roller coaster ride! (Do we get to go again???)

[nadinbrzezinski]

7. We just may, SOON

[nichomachus]

5. Binge and purge. Binge and purge.

Works over the short term.

[ThomWV]

6. True that ... but now people are paying attention to it

Never mind that it dropped below the leve it was at the day Bush took office, that was wednesday afternoon I believe.

[screembloodymurder]

8. If this doesn't work, arm yourself and buy food.

The military isn't bringing our boys home for a break. They're afraid of riots.

[nadinbrzezinski]

9. More than just riots

but you are correct...

[ThomWV]

14. Didn't you know, Democrats don't Arm themselves, we're against guns for all purposes

[Warpy]

10. It's not going to work because it can't work

but it will buy some time.

While some folks think if the crash is allowed to happen it will benefit Democrats in this election, the Democrats will be equally benefited when the crash starts to happen again post election. Either a GOP will be left holding the bag and the crash will be a complete one with no other ideas, or the Democrats will be in power and able to address the demand side of the economic equation, the side that has provoked the collapse by being starved over the past 40 years of conservative administrations from both parties.

It's a choice between a bad case of the flu (Democrats) versus an aggressive cancer (GOP).

If you want to know where a crash comes from, follow the debt. Substituting debt for inadequate wages will work only in the short term. Eventually all those bills come due and that's exactly where we are now.

[nadinbrzezinski]

11. I cannot fully say that it will not work

this is truly unprecedented

As is HISTORIANS, yep them pesky people... will call THIS WEEK a crash and will blame mostly the RNC and free traders for it

If it does not work... hold onto your shorts, but you knew that... I'd hate to see what will happen if this fails

[Warpy]

12. It will shore up institutions long enough

for a new administration to address a long term fix, something that will have to address the demand side of the economic equation.

That depends entirely on Democrats getting into power with a veto proof majority, preferably with control of the White House.

If this doesn't happen, if we lose the White House again and don't have a veto proof Congress, then the collapse will be complete and as final as a collapse ever is because the opposition are simply unable to comprehend anything outside their economic dogma.

In other words, when it doesn't work, they'll stand there stunned, repeating, "But it should have worked!" over and over again until they are finally out of power, if we even have a country by then.

[nadinbrzezinski]

13. Agreed, with one caveat

the next president, regardless, will be pressured for an IMF styled austerity package

I've seen this movie before, and lived it in the flesh... so people need to be ready for that.

And an IMF package will make things far worst