Bailout may not do anything at all

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Submitted by kev374 on September 22, 2008 - 12:33pm

This bailout more than likely not going to do anything at all to prevent foreclosures and the economy from sinking. Oil has already soared back to $130 and some are estimating that oil is set to skyrocket in the near future.

http://www.cnbc.com/id/26441422

But wait...I thought spending upto $1.8 Trillion came with promises that everything will be alright?? If there are so many doubts about the bailout and the thought is that there will be a collapse anyway then why spend a staggering amount of money that will surely send the dollar into a nosedive?

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