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Economies need to adjust. It's part of the ebb and flow of capitalism. The US economy has been artificially supported both domestically and internationally for the last 30 (40? 50?) years through periods when it should have all but collapsed and, I think finally, the pressure is overwhelming. It's going to suck ass for a few years as lots of people lose investments and homes and jobs, but trying to maintain the illusion that everything is ok by throwing $700b at financial institutions with NO oversight is, in my opinion, a far worse situation.
You can do a lot of good (or bad) with that much money, and I really don't think I can conceive of a worse option than giving it to the very institutions who made bad choices to get themselves into that mess in the first place.
I like the health insurance for the whole country for 4 years or 2000 apple pies for everyone in the country options much better.
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