Hot off the press, the government printing press that is. Another $800 billion in guarantees to Wall Street.

The money drug addicts can't help it. It just feels good to throw out big numbers I guess. It's a sad situation indeed. The three musketeers, Bernanke, Paulson, and Bair are now guaranteeing consumer debt in an attempt to get lenders to extend more credit to cash strapped borrowers. How government believes that consumers want to take on more debt is a puzzle. I guess all of the credit defaults and Chapter 7 bankruptcy filings are really figments of everyone's imagination.

Who in their right mind feels like going out and buying a car, taking out a loan, or spending savings? Not me, and probably not you.

When the Treasury finally has to pay off on all of the guarantees and bailouts hopefully China and Japan will still buy our bonds. Look for the credit rating of the United States to fall as the deficit swells and the national debt limit is raised by the Congress.

Many more financial institutions are teetering on the brink of failure. Stockholders will continue to be thrown out of bed as they have been, as government seizes control or makes equity purchases in the failing companies.

Ever since the Great Depression, government believes it knows what's best for any financial calamity, it would appear it does not.

Interestingly, who will be left to take the blame later. None of these yahoo's I'm sure.