I think the bailout will simply sustain a failed system for sometime, but it will fail again. The math is simple, spend what you have. Credit allowed individuals, corporations and governments to spend what they don't have on the assumption that will make in the future. Now everyone is in dept.
The justification for the bailout is that if we don't act we will cause significant damage to economy and market liquidity. We need the liquidity to allow for MORE borrowing.... enough with the borrowing already!!!
Not to mention, did you hear that the bill proposed by the treasury will allow Paulson full control over the 700B with no oversight. Stuff like this should scare the pants out of everyone!!
The Dollar is getting killed. The Tax payer is getting the short end of the stick on so many levels!