Bail Out Bill: Yes or No?

I'm for it. It's jut a band-aid in terms of the economy but it will give us some time to sort things out. The $700 billion is probably not enough and will definitely not miraculously heal the economy over night. But doing nothing will drive us much faster and probably even further down due to panic reactions and people taking drastic measures in an attempt to save their companies. The bailout will open up lines of credit again, which companies need to operate. While I agree that we need to bring home more jobs, it's nto going to work if the companies go under. Yes, on the surface we seem to reward those who got us into this mess into the first place. Those who handed out sub prime mortgages to anybody and everybody who asked for one. And yes, they should be punished and they in fact are currently under investigation. Still, the trickle down effect of doing nothing will hurt each and everyone of us. Our retirement savings took a hit and it will get worse. Even people with outstanding credit will have trouble getting a loan to even buy a car. Most companies operate on some sort of credit line extended to them by the banks. Without it, a lot of companies, and therefore a lot of jobs would be in trouble. We need time to think about a good solution or to just make heads of this mess. You also have to realize that one way or another the tax payer will pay. The alternative may even be more expensive. The Treasure, FDIC, Federal Reserve.. they already have and will have to continue to pump money into the economy in one way or another. They already participated in the latest deals where folding banks were bought up by others. They'll do what's necessary. And the money they use of course is taxpayers money. But the fallout may be much bigger than $700 billion, and we might not even know the total for a very long time. I like that they attach a lot of restrictions to this bailout bill. More oversight and regulation requirements. Limitations on what executives can gain. No golden parachute... stuff like that. We learned from the great depression, and we will learn from this economic problem. Of course personally, I'd rather have my share of the $700 billion in my hand. At about $2,333 per legal resident/citizen of this country, that would be almost $12k for my family. I could pay off quite some debt with that. I mean let's face it, people either pay off debt, put it into investments or savings, or spend it. Either way, the economy would benefit and the rich wouldn't get richer. We all would have a gain. The downside is that it would not necessarily help those banks which are about to fold... Anyhow, once we have something in place, or decide to do nothing, we'll have to think about preventing this from happening again and put proper regulations and oversight in place. There has to be something to protect us average people..