For today’s state of the economy, “The Difficult Financial Times” seems quite viable as a publication title.  Ever since I started watching Wall Street, I have never seen such a drop as I’ve seen today: 777.68 whoppin’ points!  This, apparently, was because the House of Representatives rejected the bailout deal composed this weekend.

What do I think of the bailout package?  Well, after some deliberation, here’s an idea I’d like to present: For those with homes in verge of foreclosure, the owner can continue to make monthly payments on the principal while the government makes the interest payments.  This is almost like the subsidized loans that college students see.  This way, the government bails out Main Street AND Wall Street at the same time.

I am also concerned about the Chinese economy.  Some of you may recall the pet food recall from 2007 in which some Chinese manufacturers tainted the pet food with melamine to make the food appear to have more protein.  This caused thousands of pets to perish.  This year, melamine crept its way into the human food supply in the form of milk powder.  Without a doubt, this is a vagrant violation of trust, and China could face some tough times if companies start pulling out and making their operations domestic again.  A company doing this could earn some good PR, and this PR involves the company fulfilling its “social responsibility,” the company being patriotic, the company providing jobs to the people, etc.