Why do I think this?
One. The Democratic Party stuffed the bill with more pork for its special interest constituencies than ever before.
Two. The Democratic Party, which has the majority in Congress, could have passed the bill on the first attempt and thus be credited with the 'rescue' of an economy required due to 'the failed economic policies of George W Bush'.
From the start of the 'crisis' the public has been told that we're on the precipice of financial ruin.
The media loves this stuff. As long as they can report doom and gloom people will keep buying their product to find out what's going on. There's an interesting parallel to the way the mainstream media loves reporting on climate change.
Imagine on December 8, 1941, a day after the Japanese attack on Pearl Harbour, that either side of politics had tried to take advantage of the war funding bill and attach huge payments to special interest groups in order for the bill to pass.
It's inconceivable that in such a moment of crisis a political party would do that.
It's also inconceivable that if one party had the ability to pass a war bill and would not do so in such circumstances.
Therefore, I reckon that the hysteria surrounding the urgent requirement for a bail out bill is unwarranted and is simply political point scoring.
I should be amazed that the mainstream media is blaming the Republican Party for not passing the bill on the first attempt in spite of the fact that the Democratic Party didn't need them in order to pass it but I'm not.
The Democrats needed Republican support so that they both had a stake in the pork barrel spending attached to the bill.
The other point is that it's going to become clear to the US public at some point (probably after the election thanks to the Democratic Party supporting mainstream media) that the problem is 100% the result of Democrat policies.
To have a bail out bill passed by the Democrats for a problem they caused and with huge amounts of pork going to special interest groups would look bad for them indeed.
Let the market play itself out. Let the government act as lender of last resort for the required period. There'll be some pain but at this point it doesn't look as bad as the situation post the dotcom boom or 9/11 so there's no reason to panic.