The Economy

As I have been watching the markets since the Bailout was voted down by the House of Representatives, to when it was passed by the House of Representatives, and signed by President Bush into law, I feel I have the opportunity to speak on the current crisis. Though I may not have the credentials of an Economist, I have the knowledge to realize that times are bad.

I watched the Market drop from twelve thousand points, to below eight thousand points. When the markets reopened on Monday of this week, I watched the market turn around and jump nearly one thousand points to around ninety-three hundred points. What a turn around it was, that it lasted one day, and the market has since thrown off that rebound like it was nothing. The only question left is: When will it end?

In my opinion, I don’t really know. I come from a middle class family, and I am a student majoring in Computer Programming. My only concern is whether there will be a need for my job in the future, or even if the economy will not have failed by the time I graduate. The Bailout was a load of bull, and the majority of Americans know it. I would have been happier about it if we gave it to the people, but that doesn’t solve the problem we face. We can’t get out of this crisis until we get rid of the Federal Reserve. Obviously, throwing money at the situation doesn’t work, which is what the Federal Reserve, and now our government, has done. We need to get back to the basics. We need to get back to the Constitution. Its really that easy. We have no need for a private, central bank.