Christina called me a few minutes ago to excitedly tell me that the house destroyed the $700B bailout bill!  I couldn't believe me ears.  I pulled up several main-stream news sites, and sure enough, it's defeated.  Of course the MSM made it sound like a bad thing: "House fails to pass Rescue."  Well, for once the American people win.

We shouldn't think this is over, however; the economy is still in shambles thanks to years of government intervention.  The market has been hugely over priced, and there will be pain as the market self-corrects.  But if we can keep the government out of the details, we're looking at a much shorter depression.  My fear is that as things get worse, the government will tell us: "See, we told you we needed a 'rescue.'"  Well folks, just 'cause it is bad, doesn't mean that it couldn't be worse.  DON'T LET THE GOVERNMENT MESS WITH THE ECONOMY.

Now, the economy still has a huge security breach with the government: The Federal Reserve.  The next step is to get congress to abolish this giant counterfeiting machine.