Bail Out, Bail Out, Bail Out

I don’t know about you but I’m pretty tired of the “bail out” blare out.   It seems that the bail out, err, I mean, rescue plan, continues to move forward, but with very little support.  This bandaid seems to only be effective to stop some of the bleeding, but there will be quite a scar for years to come if we add an additional $700 billion of debt to the current crisis.

But the real question is, what do OC’ers think of all of this?

Jon Lansner’s blog had a survey asking OC’ers what they thought about the ability of the President’s team to fix the mess.   The results:

The OC Metblogs (our local “to the left” e-publication) implores everyone, regardless of party line, to tell their Congress person about their questions regarding the proposed plan. 

They note,

No matter what your political persuasion, our children and our grandchildren will be paying for risks that private companies chose to make.  Nobody put a gun to their head and forced them to bundle shaky mortgage loans along with regular stocks and investments, or even to offer these loans to people who obviously did not qualify.  And a lot of people got rich off of those.  But now the taxpayers are expected to help them out.

It seems that Americans aren’t very confident about the plan that is trying to be pushed through – regardless of party affiliation.  Of course, both candidates have given their disapproval for at least parts of the plan.  The hardest part about this is that no one likes the plan, but no one can come up with anything better. 

What are your thoughts and criticisms of the “rescue plan”?  Will it work?  Is it worth the risk?  What are the biggest problems?