There was nothing wrong with the FIRST bailout package, other than the fact that there was absolutely no regulation as to where it should go once it's back in the hands of the corporations and banks who fucked up to begin with. Giving their CEO's millions of dollars in bonuses is fucking asinine when you're trying to pull us out of the worst economic slump in years.
I don't think there's any "head in the sand" about it- how would you propose stimulating the economy again? Are you one of those that thinks we should just let it right itself, no matter how long it takes or how many more people could become effected by all of this? I'm curious as to what you think would work.
As for what we should do, how about telling americans to get off their collective asses and get to work. I work in the construction industry and there are plenty of illegals still working construction jobs. There are also a large number that work in the service industry at hotels/laundries and what not. Why don't all these laid off americans go take over those jobs so that we can have people that actually pay taxes work those jobs and give the government a reason to deport the leeches.
I remember when you could buy an american made washing machine, isn't it about time that happens again?