[Steel Wolf]

Economics not being my bag, I'm taking away two recurring themes from this crisis.

1. Government bailout is going to be horrifically expensive. ("Horrific" not even really scratching the surface of how bad it really is.)

2. No government bailout could wind up being even worse.

3. No one has any other options.

Am I missing something, or are we just catastrophically screwed at this point? It seems that the damage has already been done, and that sans some amazing developments in time travel technology, we can't undo a bit of it. As much as I'd like to jump on McCain and Obama about this, I don't really know what else they are supposed to do?

[djsherin]

It seems to me we’re basically screwed. The fed will either have the money printed or the government will raise our taxes expnoentially. One way the value of our money becomes extremely depreciated and we lose buying power; the other way our money is taken and we lose buying power. I suppose we could add it to the debt, but eventually that’s got to be paid and even then it’s printing money or higher taxes.

[TigerLikesRooster]

You are right. They can't do anything. I don't expect them to. It is out of their hands. If this thing blows up in earnest during their watch, I won't be too harsh on them. I could pick on them hard regarding other issues which they could solve but screw up. But not this one.