What does the rejection of the economic bailout by Congress means for the U.S?

Question

What will happen to the markets, consumer spending/confidence, etc.

Answer 1

Best Answer - Chosen by Voters

No one knows (or at least convinced us that they know). That's the problem.

Answer 2

My confidence has been low for months but that doesn't mean i don't buy what i need. people still spend money on the necessary things in life. Food, gas, water, etc. we still pay for it all. (crazy we pay for water which is available free for the most part).

Anyways, perhaps we should just do away with the entire monetary system and turn to bartering again. I have a service i need i exchange something i can do in return for the service. You know..two goats for one cow...etc.

Seriously though, would the $700B made a difference in the situation? Band Aids still leave scars behind. And this problem has been brewing for a long time coming, does anyone really think it can be fixed in one fell swoop?

Answer 3

the "bailout" is more of a way to push one problem into the future so that we can deal with the other ones first. what we wanted to do was get our economy back on track, then deal with the failures of these banks. without this bailout, we will have a down turned economy made worse by the lack of available credit because the big banks that could make loans are all failing which exacerbates the problem of the struggling economy.

Answer 4

down the tubes. big time.