Response

http://news.yahoo.com/s/ap/20080929/ap_on_bi_ge/financial_meltdown

In the past few days the American people have been on edge. Let alone the whole world. The American stock market is plummeting day by day. Banks are being bought out and the American people are trying to figure out if their money is safe. In the article on Yahoo news it addresses the huge upset that occured. President Bush's bailout plan of 700 billion dollars was not approved by the hose. Both Republicans and Democrats alike were astonished by the vote. The plan was made in hopes to save the American economy that had already been diminishing. The house apparently decided that this plan could not work. However this does not fix anything. Hopefully they were right in doing this. Many people believe it was the wrong decision to bail out the banks. It is the people who need help, the people who are losing money. Why feed the large banks their tax money after they lost their savings. Apparantly the House agreed with this belief. Now however everyone is struggling to create a new solution and quickly. It is not a great time for the American economy. But with the right people working on it and the strength of america we shall overcome this current obstacle, hopefully sooner rather than later.