The biggest problem is that those pushing for this $700 billion do not know what they are doing for the long-term effect. There's no end game or how this money will "save" anything except the incompetence of the managers and CEOs of banks, finance companies and investors.
They're now saying that this money is needed to provide credit to our economy, because nobody will be able to buy homes, cars, and the goods and services on credit when most consumers are already over their heads in debt.
These are supposed to be the brightest and the best, but they are now in a panic mode with fear and no real solution except pump more money into our economy.
What is most satisfying thing for me is to see both republicans and democrats questioning the Secretary of Treasure and Bernanke questions about oversight, how, when, compensation, and what the average joe will get out of all this. The first time congress has worked together on something since Bush took over the white house.
However, I'm afraid politics will again raise its ugly head by Friday when they approve this money without really knowing how it'll impact our country.