According To Me -- US Economy

This post is not to talk about whether the US government should dole out $700 billion to bail out the Wall street. Did you guys think that I had so much knowledge to talk about all these things? The only thing that I clearly understood after reading all the news for the last 3-4 days about the financial situation is that I have no idea about economics! When I tried to research more into the topic, I got even more confused......

Can someone explain to me all this in 'english'? I mean, the only thing that I can understand is that it is going to change the game radically. Whether it is for the good or bad, I have no way of knowing. Will this affect India? It is going to affect India is the simple answer. That is one thing that I am very sure of. When US catches a cold, the whole of India sneezes BIG time. And this seems to be a time when US seems to have caught a pretty bad cold. (The pun when considered with the picture above is surely unintended!)

(And I found the below picture right after I finished this posting. It was too good and so simple that I have decided to add this picture as well to the post)