Richard Heinberg's take on the $700 billion bailout

So is the sky falling yet? The House rejected the bailout package and the whole process starts over again in a few days.

Me? All I can think of is how I should get my hands on some home heating oil pronto now that oil's dipped down below $100 US a barrel today.

Incidentally, here's what Richard Heinberg had to say about it this whole $700 billion bailout scenario a few days ago.