Excuses are tools of incompetence and those who specialize in them will never be good at anything. The failure of the bailout plan in the House is the fault of everyone. It bothers me to see the Republicans blaming the Democrats, the Democrats are blaming the Republicans and the White House blaming the media for the failure. There’s a lot of blame to spread around and it’s going to take some compromising to get things done. I don’t want to give the fat cat CEO’s who benefited a break, but I guess something has to be done to slow the bleeding. It’s a blood bath out there and the Dow dropped 777 points today.

We need a change in our financial thinking. It’s hard, but it can be done. In older posts I’ve mentioned feedthepig.org and I’ve talked about the importance of saving for the future. It’s time to do our part and I’m going to do my best to get some good personal finance posts on the blog for you.

The video below is why I like Obama. He’s calm in the storm and can explain what’s going on to the American people. Unlike Bush, I think he’d have a better chance of convincing Congress to get things done. Sadly, I had a feeling that the plan wouldn’t get passed today. Oil did slide below $100 though. Got to find that silver lining somewhere.

You can get a draft copy of the bill for your reading pleasure here. I don’t think I’ll be reading it, but if I can’t sleep tonight I might check it out. Also check out this video from Obama speaking about the economic crisis.