Whatever collapse would have occurred without the bailout will still occur, but it will be worse and we'll have $700B+ less of available credit in the aftermath than we would have had without it.
What do you get for pretending the danger’s not real?
Meek and obedient you follow the leader
Down well trodden corridors into the valley of steel.
What a surprise!
A look of terminal shock in your eyes.
Now things are really what they seem.
No, this is not a bad dream.
~Pink Floyd - Sheep
It's useless talking to these sheeple. 100 years from now in Communist Amerika, students will learn why citizens of the then free United States of America gave up their Democracy & Capitalism without a fight.
The answer in the very back of that Communist textbook: Stupid Americans believed a false promise that if they agreed to Socialism, then numbers on their investment statements would remain or grow. Or in other words: MONEY.
George Washington is rolling in his grave about right now.
I see it as a short term fix before election day. It will make things worse in the long run. Hope the congress kills it. We’ll see