More bail

A little over 2 months ago the United State's government borrowed 350 billion dollars from China to stimulate our failing economy. Unfortunately, it did not do much, and has apparently gone to waste. The stock market is still falling, unemployment is still rising, families continue to be kicked out of their homes, and not much else is looking good. In fact, Obama's economic team predicts that next year as many as 4 million jobs could be lost, raising unemployment to 9%. Although many are saying that we could be headed into another great depression, which is very possible, unemployment during the great depression reached 25% at its worst.

Obama and his economic team are currently working on another bailout package that will make our previous bail out package of 350 billion look like peanuts. The package that Obama and his staff are working on is looking like a minimum of 600 billion, and could easily reach one trillion. Yes, this is a lot of money, but we have a serious problem on our hands and nobody else is offering a better solution. Hopefully this money will not go to waste, and not be squandered by companies like GM and Chrysler. I have faith in Obama, and believe that he will not hand the money over to irresponsible companies like the ones mentioned, and instead give it to companies that are creating jobs here in America, and use it to help families stay in their homes. In addition to another stimulus package, Obama also has plans to create as many as 3 million jobs in efforts to lower our unemployment rate. Will the Obama administration be able to save us, only time will tell.