Yesterday's 777 point drop in the DJIA was the 18th steepest percentage decline in history, nestled between the drops on July 20, 1933 and July 30, 1914. The drop on October 26, 1987 was worse, as was the drop on October 27, 1997. Eventually, we rebounded from all the drops, and we'll rebound from this one too. (Stocks are headed higher at the opening.)

But it wouldn't hurt for our government to do something to make things easier.

I was pleased that the "Paulson plan," modified as it was, still failed yesterday. My fear is that Congressional leaders won't make the substantial changes the plan needs in order to be a good one. One place they might turn is to Rep. Jim Marshall (GA-8). Contrary to what is becoming conventional wisdom, that people in "safe" distrcits voted yes yesterday while those in tough races voted no, Marshall voted yes despite being in a tough race.

Then he wrote an op-ed piece that is available on CNN's website. I think his ideas could be exactly the right way for government to go, and would also be politically feasible.

More to come as things develop.