Bush's Biggest Binge (700 Billion)

The House approved President Bush's bailout of bank debts for 700 billion dollars giving the binge of spending Presidency a final bar-hopping over the congressional public debt bar.

http://news.yahoo.com/s/ap/20081003/ap_on_bi_st_ma_re/wall_street

Writing on a fait accompli I can just note the horrendous lack of creativity the government has in solving such rotten issues given by planting a big kiss on the fannies of mortgage gambling bad debts. A special bankruptcy process for bad Wall Street corporations should be created, and a M.I.T.I. like federal Department to invest in state of the art U.S. technologies to reduce foreign trade deficit causing technologies should be created. Someone needs to put a millions of electric parking meter recharge stations for the upcoming plug-in electric cars. Certainly the villains of the oil patch will seek to break ends from meeting on electric cars and solar power recharging. Will Wall-Mart ever sell solar panels to recharge electric cars and good 500 watt electric wind generators to provide power for homes?

I believe that the U.S. Government developed a sort of associationist financial psychology during 43's Presidency such that just spend it now and pay later is the way to go. Taking President Reagan's post Vietnam emergency pump priming with deficit spending as a form for a permanent budgeting process political financial perfidy as reached criminal proportions. Who will bail out the public debts when the buck stops-it won't be the rich who aren't making significant sacrifices?
Speaker Pelosi of the Democratic Party just collapsed in the worst way on this important issue. Both Parties’ are run by millionaires and the Bank Debt Bailout Bill bunk is the worst sort of corrupt politics one expects in a politically decadent and corrupt era.

http://en.wikipedia.org/wiki/United_States_public_debt

The nation has ten trillion plus of debt so just toss another trillion or so in?
Interest on the national debt

http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm

Pumping up a particular macro-economic direction and particular corporate debts with public funds implicitly corrupts redirection of the U.S. macro-economic directions away from an environmental economic tensor toward one based on non-renewable resources and unsustainable forms of growth. It is reckless and myopic with many future requirements for corrections. Putting it off by siphoning away public capital to prop up bad, inefficient macro-economic policy is quite dangerous in the long run.