The measure to rescue private industry was defeated. There are a lot of emotions around this issue, to be sure, and these are running high.

We are in an election year, and this further exascerbates the issue. The leaders in the House and Senate showed their true colors today, and although the measure was defeated, they had to admit that the plan that was presented was not a sound or truly workable plan.

The Fed, and Treasury DO NOT need such overarching power, and we do not need socialism in the country anyway. The Constitution guarantess that our RIGHT, to pursue happiness will be reasonably unimpeded. When the government is allowed to have too much control of private businesses socialism will take root, and we will lose freedom.

If the taxpayer is further burdened with deb in the form of taxes used to bail failed managers out, and "save" their companies, we will all lose in the short and the long run. Let them fail, and they will either be absorbed with their debts, or the investors, realizing their sins will step in and reorganized to keep their assets live.

Liberality in lawmaking is never a good thing for the populace. the more liberal the lawmaking, the less freedom the individual will truly possess.

Wall Street needs to be accountable to its clientele, and the clientele needs to realize that you cannot gamble and continually win. Your gains and losses when gambling tend to balance out, or will work in favor of the house.

Will our markets return? YES! Absolutely! First they have to stabilize and become more reliable. Then consumer confidence will rise, and the cash will again flow more freely. There is a lot of paranoia at the moment. Think about it; the markets are moved on the fears of the people, and on the optimmism of those who follow the major investors. Bad news sells papers.

When reason is smothered, panic ensues. That is what is happening. If we place higher taxes on imports, the foreign markets will be strapped and have to open their taps, too. Heck, if we brought more of our industry back into our country, we could employ more people, provided we keep the union out of it.