The Stock market today dropped 777 points in reaction to a failure to pass a bill in the House and Senate that would bail out Wall Street and the problems it faces. Treasury Secretary Henry Paulson and these Democratic leaders have concocted a scheme that only prolongs the inevitable, in fact makes it worse.

This scheme is nothing less than the total socialization of Wall Street. It's converting trillions of dollars of private industry under government control. They were the ones that got us in this mess and their solution is even worse. It's like asking a convicted felon to be the delivery driver of an armored car to the bank!

The single biggest culprit in this entire mess is Sen. Barney Frank who has repeatedly over the last 12 years refused inquiries into problems that Fannie Mae and Freddie Mac faced. The Wall Street Journal reported that the Democratic leaders received millions of dollars on the side to support their pet projects and that's why they did not want to be investigated.

Why is there no outrage expressed regarding Barney Frank? He should resign immediately. If it's possible to impeach a Senator, it should be done right now along with Harry Reid and Nancy Pelosi!

There are other alternatives to this package! Those alternatives include market-driven solutions and I support those who uphold conservative principles to let the market run its course here. The government can help by getting out of the way because it is the cause of the problem!

Why not remove all Capital Gains taxes on these corporations until the crisis is over? It's a lot cheaper than $700,000,000,000.00 to buy the bad debt that will not result in any profits whatsoever for the American people. And there are other taxes and restrictions that could be removed from the stock market and businesses to spur them on to profitability.

This bailout is a bad idea. Barack Obama is also a bad idea along with Senate and House majority leaders Harry Reid and Nancy Pelosi. Their plan is not a "patriotic" thing to do.