Bush Asks for $700 Billion

Yeah, that's "B" for "billions." That's also nearly twice our nation's current deficit. What I want to know is, if we already owe some $400 billion, how in the hell are we going to pay for another $700 billion?

The strategy behind buying all these bad loans on the cheap: allow their assets to appreciate (or at the very least, settle down), and then sell them off at a profit. This coming from the same administration that told us Iraqi oil profits would fund the war and rebuild that country's infrastructure.

But what else to do? Nearly every economist out there agrees the government has to do this bailout to save the U.S. economy. The crisis has our nuts in a vise grip. We've got no recourse other than to buy all these bad loans, free up the banks to make good loans, and print lots more money.

The real question now isn't how Bush and this Congress plans to solve this problem, but how McCain, Obama, and next year's Congress plan to solve it. I want to start hearing everyone's plan. Americans need to listen closely. And we need to elect the man with the better plan, the representatives that have a handle on what to do next.

Otherwise, we're going down hard.