Steve Forbes, editor-in-chief of the highly respected business magazine FORBES, was interviewed on CNBC this evening. He was very clear that the bailout plan (which was voted down by the House of Representatives today) is the best course of action for the economy.

Forbes said “Not since 1933 have we been as close to the abyss as we are now.”

He likened our economy to a patient in cardiac arest.  It is time to save the patient. Forbes said if congress doesn’t act soon, “millions of jobs will be lost”.