Ummmm,..... the bailout money is coming from your own pocket. That plan is more of a failout.
No, not really! Going into the coffers of the banks to do with as they wish IS coming OUT of your pocket... to get some of your own money back to make ends meet/ keep a roof over your head is stimilating the economy, which in turn helps the banks... if they're good enough to rethink and get themselves out of the shit.
Put another way! Who would you rather see have the money, the billionaires/multi-millionaire who created this mess, or for yourself to receive a small part of it to keep your head above water/enjoy a slightly better quality of life??? While some may say that they don't need it, and you may be one of those who is more financially secure, I don't know, but there are millions in the US who DO need that helping hand.
Here's one for ya... the Rudd Government here in Oz recently announced that aged and disability pensioners will receive a one off bonus payment of about $1000 - $1200 to assist those most disadvantaged/at the lowest end of the socio-economic scale. Now while that might seem wrong to some in the US, those people/we are getting back some of our own tax money, and most business/community leaders are applauding the move (and remember, these are tax payers too) as being good for spending and the economy in general.
Things were already bad enough here, what with the high cost of food and petrol (not to mention clothing)... and even when oil prices went down significantly, the price of fuel remained unnecesarily high, and thus food/life's essentials. So when the US financial crisis hit our shores to decimate the budgets of fixed income pensioners, there was about 5 1/2 - 6 million of them who thanked God that we have a socialist system here in Australia... otherwise many would have NO access to food, medicine or transport... and many of them would also be homeless.
While this concept may seem foreign/alien to many in the US, it's a system that works well in many countries around the World, not just here in Australia. Is it perfect here? Certainly not, far from it... and some people still fall through the cracks, but still, we'd rather put our faith in a mistake prone government than corporate entities seeking only to profit at our expense. And do we like/trust our politicians? Nope! But the majority here would place trust in a politician before they trusted a corporate entity that would take their last dollar through jacking up prices to increase profit. Sure, we need big business, but we don't need it to keep screwing us in the name of greed.