Will this 800+ Billion dollar bailout help?

Are we on the edge of financial disaster?

Today, October 6th, 2008 stock markets across the world are tumbling. You can hear about it on any news station.

The problem seems to be that the bailouts aren't soon enough. Banks don't have money to cover their debts to put it in simple terms.

Yes, I said bailouts. The United States 800 billion bailout isn't the only one.

Over the weekend, governments across Europe rushed to prop up failing banks. The German government and financial industry agreed on a $68 billion bailout for commercial-property lender Hypo Real Estate Holding AG, while France's BNP Paribas agreed to acquire a 75 percent stake in Fortis's Belgium bank after a government rescue failed.

The governments of Germany, Ireland and Greece also said they would guarantee bank deposits.

Is economic disaster in our midst? 

Where is all this money the government is using going to come from. I do know many, many I.R.A.'s and retirement funds have taken major hits.

I don't have the answer's-I hope our next President does.

I started this hub as a means of discussion on this topic. What is the answer? Was bailout the way to go? Let's here your comments. All comments are moderated, so they may take just a bit to post. Let's keep it civil!

With that I am going to leave you with some bailout cartoons.