In case you’ve missed every news program out there the bailout plan was rejected yesterday. The House can barely find their own a**hole with a mirror, much less make a major decision that could save the economy. In an effort to save billions they have now caused us to lose trillions. 401K savings dropped like rain yesterday as the stock market dropped more than it ever has. It will affect every single person out there, not just those trying to get a mortgage or auto loan. When banks say they are going to have to stop giving credit, they mean ALL credit. It’s not just those in the market for a house or some big ticket item that will be in trouble. Here’s an example: You have a credit card with a $6000 credit limit. You currently have a balance of $1000 on it. That means you have $5000 available credit. This is the credit the bank will take. Whatever you still have available on the card the bank will take, reducing your credit limit to save themselves from the liability. Then your debt to credit ratio will change, causing your credit score to lower, and things with a price rate based on your credit rating will go up, such as car insurance. Everyone is going to be screwed if there isn’t some type of resolution put into place, it may already be too late. Hopefully today we will have an answer. Oh wait a minute, that’s right, the House won’t resume negotiations until Wednesday, because today is Rosh Hashanah, the Jewish New Year and they must observe this. Wow, is this a Federal holiday that I didn’t know about? Hmmm, it didn’t seem like all of the government agencies and banks were closed today. That’s okay; we can sway in the wind one more day, waiting to see the outcome. We’ve been doing it for eight years now, what’s one more day? Mazal Tov!