Trump indicated to Neil Cavuto that the failure of the House of Representatives to pass the bail out package was actually good news and would drive oil prices down to the lowest prices in recent history. “Oil is going to drop faster than ever before…” said Trump. It looks like he is right, as crude was down by more than $10 per barrel.

Trump pointed out the relationship between oil prices and the stock market. When bad things are happening the oil cartel drops prices when good things are happening the pricing increases.

Trump’s position is a lot like those Representatives who voted against the bail out package. A majority of the American people are indicating in no uncertain terms that they are opposed to a government bailout for what has been called “toxic mortgages.”

Just this morning Speaker of the House Nancy Pelosi strutted out with her Democratic colleagues in tow to announce “The party is over…” Evidently not, as the bail out was busted due to the American people saying, “we don’t want the government to bail out the free market.”

In all of this Senators Barack Obama and John McCain have been oddly quiet, neither jumping on jets to race back to Washington, D.C. to help with the solution.

iVoteAmerica thinks the entire situation is now completely politicized and there is no turning back for many Senators and Representatives.

In the next 48-72 hours we expect the private sector to continue to step up to the plate with capital infusions, buy outs and mergers. In the end we may all have a sense that the “buy out” was totally unnecessary and as an attempt to socialize our credit markets.

Here’s some proof for a position that allows the market and its creation of new investment opportunities to play out without massive government bailout. The FDIC reports closures of the folllowing banks, none of which were bailed out by the taxpayers.

Washington Mutual Bank – September 25, 2008
Ameribank, Northfork, WV – September 19, 2008
Silver State Bank, Henderson, NV – September 5, 2008
Integrity Bank, Alpharetta, GA – August 29, 2008
The Columbian Bank and Trust, Topeka, KS – August 22, 2008
First Priority Bank, Bradenton, FL – August 1, 2008
First Heritage Bank, NA, Newport Beach, CA – July 25, 2008
First National Bank of Nevada, Reno, NV – July 25, 2008
IndyMac Bank, Pasadena, CA – July 11, 2008
First Integrity Bank, NA, Staples, MN – May 30, 2008
ANB Financial, NA, Bentonville, AR – May 9, 2008
Hume Bank, Hume, MO – March 7, 2008
Douglass National Bank, Kansas City, MO – January 25, 2008
Miami Valley Bank, Lakeview, OH – October 4, 2007
NetBank, Alpharetta, GA – September 28, 2007
Metropolitan Savings Bank, Pittsburgh, PA – February 2, 2007
Bank of Ephraim, Ephraim, UT – June 25, 2004
Reliance Bank, White Plains, NY – March 19, 2004
Guaranty National Bank of Tallahassee, FL – March 12, 2004
Dollar Savings Bank, Newark, NJ – February 14, 2004
Pulaski Savings Bank, Philadelphia, PA – November 14, 2003
The First National Bank of Blanchardville, WI – May 9, 2003
Southern Pacific Bank, Torrance, CA – February 7, 2003
The Farmers Bank of Cheneyville, LA – December 17, 2002
The Bank of Alamo, Alamo, TN – November 8, 2002
AmTrade International Bank of Georgia, GA – September 30, 2002
Universal Federal Savings Bank, Chicago, IL – June 27, 2002
Connecticut Bank of Commerce, Stamford, CT – June 26, 2002
New Century Bank, Shelby Township, MI – March 28, 2002
Net 1st National Bank, Boca Raton, FL – March 1, 2002
NextBank, N.A., Phoenix, AZ – February 7, 2002
Oakwood Deposit Bank Company, Oakwood, OH – February 1, 2002
Bank of Sierra Blanca, Sierra Blanca, TX – January 18, 2002
Hamilton Bank, N.A., Miami, FL – January 11, 2002
Sinclair National Bank, Gravette, AR – September 7, 2001
Superior Bank, FSB, Hinsdale, IL – July 27, 2001
The Malta National Bank, Malta, OH – May 3, 2001
First Alliance Bank & Trust Company, Manchester, NH – February 2, 2001
National State Bank of Metropolis, Metropolis, IL – December 14, 2000
Bank of Honolulu, Honolulu, HI – October 13, 2000