For those of us who believe in free markets, this bailout is a disaster in itself. It is in many ways the fitting capstone to the Bush dystopia we’ve lived the last eight years. At $700 billion (or more–we don’t know yet), the bailout, combined with the already sky-high deficits and the money-draining foreign entanglements (to say nothing of the looming Medicare and Social Security crises) will ensure a lengthy economic malaise.
Barak Obama is right about funding infrastructure, education, healthcare and alternative energy. These are priorities which pay long-term dividends. Good luck finding money for these things now, a situation I fear may have been part of the Bush plan all along.