$700 billion, relative to the size of our economy is “chump change”.
The Bailout bill wasn’t gonna help, but it isn’t gonna destroy America either.
I realize we’re talking about trillions, and $700 billion is chump change when you are. Still, just like banks don’t keep 100% of deposits on hand, it wouldn’t have taken trillions to help instill confidence IMO.
I’m not completely immune to your logic here though. I do think there are reasoned theories on both sides of this argument.