I am also torn on the bailout. My principles on trying to stimulate the economy from the bottom up and have the end of recessions help the working class in the long run rather than the upper middle class. I also have problems with accepting the huge amounts of money being spent on this, when it is probably just a slight fix in many cases.
At the same time, I realize that this bailout plan needs to be passed fast in order to have an affect on the economy and that this may be a good way to fix some problems that might happen in the future. I understand that much of this bailout plan would greatly stimulate the economy but at the same time I have huge doubts that it would.
So in other words I lean towards supporting the bailout on practicality and lean towards being against it on principle.
That's an odd thing to say.
Anyway, I think this should be allow to run its course. These people took big risks in order to secure higher returns. They got those higher returns during the boom years. Then the risks fell out. No one had to be in this mess, if they are it is largely due to poor decisions. I can sympathize with helping home-owners who lost everything but slick investment bankers that became too greedy and failed at what they get paid astronomous amounts of money for handling...not so much.
