Financial Bailout: Still No Deal

Today's summit to hammer out details over a $700,000,000,000 package to rescue America's failing financial institutions only showed that opposing sides agreed to disagree. [story] Meanwhile, an entire nation continues to hold its collective breath.

There's a lot of posturing and finger-pointing as to how we got this far. But it's time to get past that and figure out a way to get out of this. I don't usually agree with CNN's Glenn Beck, but he make a good point here [full article]: "Unfortunately, [Treasury Secretary Paulson's] right. In fact, it would have to take an absolute disaster to make me even consider supporting something like this. Welcome to that absolute disaster."

We are in a much worse situation now than we were when the market crashed in 1987. The consequences of a market crash now - well, I don't want to even think about that. Will the market crash without this bailout? I don't think anyone really knows. Scary.

Meanwhile, your elected members of the U.S. House and Senate seem bound and determined to go on their recess after Friday (tomorrow) whether there is an agreement or not. Without an agreement, though, I wonder if it would be safe for them to go home.

Lord, I pray your wisdom and discernment upon our elected officials whom we have entrusted to resolve this crisis. May there be someone who can put partisan politics aside, step up, and take a true leadership role in helping resolve this matter. Amen.