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Joe, they think they are throwing water on the fire, but in fact they are throwing gasoline. There is little that this bailout will do so solve the systemic problems faced by this and the global economy because all it is doing is treating symptoms, not the disease.
We are witnessing the end of the DEBT STANDARD of fiat money, all fiat systems follow the same basic pattern of destruction, ours is no different. When debt becomes so massive it will begin to siphon off, gradually at first, more and more viability from the economy.
We will not see the end of this, there may be lulls, but we will continue to see economic seizure in various sectors and, perhaps the most dangerous, a hybrid depression with characteristics of both inflationary and deflationary pressures. Eventually, as this government and the FED continue to "spend" the pressures of inflation will turn to hyper-inflation and all hell breaks loose at that time.
"The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them."~Patrick Henry