Bailouts are rescuing huge banks that squandered our wealth...so our wealth gets squandered twice?

These bailouts are a big big mistake, the the ease with which those greedy paws are being regreased is crazy. The bailing out of the automakers is incredibly stupid when so many other systems and services need attention. Chrysler can't survive because it never anticipated higher fuel prices, so built only trucks and SUVs. They made a mistake. Rescue them, thanks, but they'll go down anyway, and that money will go up in smoke...just more of it than was necessary.

When people (taxpayers) realise they've been swindled (and things are worse than ever) it's hard to imagine they will go quietly into the night.

clipped from seekingalpha.com This week President Obama claimed that failure to pass his economic stimulus bill will have catastrophic consequences for the U.S economy. The reality is the catastrophe will be far greater with his plan than without it. If the trends of January and early February of 2009 continue, the rug will be completely pulled out from beneath the U.S. economy, and the full cost of the President's "economic depressant package" will be apparent to all. If foreign capital does not continue to pour into Treasuries, interest rates and consumer prices in the U.S. will soar. At that point, we will finally be confronted with the real crises that I have long predicted. When the day of reckoning arrives our policy response will be critical. If we continue on the course our new President has mapped out, the catastrophe will far exceed the scope of any he hoped to avoid.