Is the media making this seem worse than it is?

My answer is yes. Take this snippet from an AP article:

The Dow Jones industrials plunged nearly 800 points, the most ever for a single day.

I’m going to assume that they are comparing it to history using the point loss rather than the percentage loss because it makes a more gripping storyline. However, the loss was not the worst loss in history. The largest one day percentage drop was 22.61%, which occurred on October 19, 1987. Today’s loss of 777.68 points is a 6.98% drop, less than 1/3 of the loss suffered on Black Monday.

I may be overly optimistic about this, but let’s not get all caught up in it. By not passing the huge bailout bill, the House of Representatives has actually saved us a great deal of debt in the future. If they are serious about fixing the problems that face this country, how about all the Senators who have served more than two terms, and all the Representatives who have served more than four terms resign immediately, or remove themselves from ballots if they are up for election this fall. The problem lies in the current power-hungry, career politician class. No more lobbyists, no more crony appointments, just sensible people in government. People who have the ability to lead this country won’t run for office because honestly, who wants the headache of all the personal attacks and partisanship. The whole system is corrupt. It’s time t reboot it.

Wow. Totally didn’t end up where I started from.