WEEK 2-Current Event

So this week a lot happened.

Most important, the bail-out-bill. Should we let the President take a risk with our money, and send us deeper into debt? Or, should we try and find a way around it?

I was not shocked to see that Senate denied the President's request for a $700 Billion bail out plan. Although it had a lot of thought put into it, especially about how the money would be divided, it was just too much money to take that kind of a risk on.

Some say that the answer was going to be "no" all along. Other's tend to disagree. Recently Republicans have claimed that a speech given by Nancy Pelosi may have lost them some votes. 12 to be exact. Wheter or not that's true, that just goes to show how on edge people are about this bill already.

And finally the big fall. What is the failure of this bill doing to Wall Street already? Well just as quickly as it was denied, Dow Jones fell a whopping 777 points. Thats the most it has ever fallen in one day. EVER. So if we ever had doubts about how this bill would effect us, here's your answer.

Untill we meet again....