Last night, President Bush addressed the nation about the financial crisis. And the speech was not really designed to give real confidence. He did, however, point out that a $700 billion bailout is part of "decisive action" to "inspire confidence."

Of course, I am worried that he emphasized the inability to borrow as much. This is a good thing, not a bad thing as in implied. We need to stop relying on debt so much as an economic engine. We need a complete overhaul of thought in order to fix this problem long term. Also, he skated over his Administration’s push to allow deregulation that allowed credit derivatives that led to bank greed.

Sure, consumers deserve some of the blame. But the speechwriters put a little too much emphasis on the consumers. At any rate, full points for a succinct description of most of what happened. Although, technically, the market is — in fact — working properly.

At least he is compromising to a certain degree.