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The Bush administration and the United States Congress have exposed themselves as a ship of fools. During the most trying times in American history, when the nation is relying on our so called leadership to come together for the good of the country, to right our financial ship by plotting of course toward safer waters, things instead fell into the usual divisive finger pointing, grandstanding one-upmanship bickering that lead to more inaction, costing America $1.2 trillion in investments. The 777.68 point drop in the market, the largest one day loss in the history of the exchange, should have been predicted weeks ago when the president failed to take ownership of the impending market perils. The president simply failed to adequately explain to the nation in a timely fashion exactly what was occurring and the disastrous future the country would face if quick, responsible, well thought out measures were not adopted.

Money Talks: John Cassidy on the politics of the bailout.

Bailing Out: John Cassidy on Wall Street and the election.

BusinessWeek's weekly podcast features the magazine's writers and editors recapping the week's top business and economic stories, as well as taking an advance look at the most important economic news expected in the week ahead

BusinessWeek's weekly podcast features the magazine's writers and editors recapping the week's top business and economic stories, as well as taking an advance look at the most important economic news expected in the week ahead

BusinessWeek's weekly podcast features the magazine's writers and editors recapping the week's top business and economic stories, as well as taking an advance look at the most important economic news expected in the week ahead