I'm really happy for those Wall Street fat cats who have been saved once again by our philanthropic Federal Reserve, but the recently announced bailout will do nothing to help the recession on Main Street.

In fact, one could make a serious argument that the emergency action to infuse $200 billion of liquidity into the credit market will only make things worse for the average recession-plagued investor.

While the market rallied (can anyone say DEAD CAT BOUNCE?) after the news, oil prices continued their ascent. We hit $110 per barrel, and that price will hit you and me right where we can least afford it.

If you are not up in arms about all of this, you should be! The government is being run by a bunch of dopes that want to steal your money.

Here's Some Solid Investing Advice For Now:

Whether it be that ludicrously expensive war in the Middle East (for the record I love and support our troops, but our government has failed them in Iraq), outrageous subsidies for oil companies, tax cuts for the wealthy (will someone please listen to Warren Buffett on this issue) or easy money policy of the Federal Reserve, we are in a heap of trouble.

As investors, we all should know by now that capitalism is ruled by the business cycle. There cannot be, artificial or real, perpetual ascents forward. Economies rise, and economies fall.

Efforts to smooth out that cycle only put the pain off into the future. Well, folks, that future is now, and we are about to pay the piper.

I'm reminded of that great National Lampoon movie, Animal House. In the final scene when the Deltas ransacked the town parade, Kevin Bacon attempts to sooth the now panicking crowd by stating, "All is well, all is well".

Of course his attempt was futile as the crowd flattened him on the sidewalk. The same thing is happening with our economy, and despite efforts to, "fix" the problem those efforts will ultimately fail.

Forget the rebate checks (what an unbelievable waste of money) and further interest rate cuts. They will do nothing to fix the fundamental issues with the economy.

The middle class has spent beyond its means, incomes have fallen on an inflation-adjusted basis, and balance sheets are in disarray. The only things that will fix these issues will be time, hard work and belt tightening.