Winnie, I find it puzzling that a conservative believes we should abandon free market principles just because the media tells us it's for our own good. In the long run, I'm not convinced it is for our own good. More likely it is a disastrous precedent.
There are many free market advocates who believe that the results of these bailouts are an illusion and that we have simply re-inflated the bubble. Much of the market run-up of late was dirven by interest free printed government cash and job cuts. It's hard to see how this bodes well for our long term economic prospects. There's a good chance we're going to be feeling the pain of this type of socialism for the remainder of America's death throes as leading world power. Twenty Four trillion dollars were potentially put at risk to put a bandaid on a leg that has gange green. We should have let them fail and undergone a real change. We might have learned something.
And no, 30Askunkape is not right. The precedent that some firms on Wall Street must never be allowed to fail and that markets must be propped up artificially is something we will pay for again and again until the American people get some lobbyists to rival those of Goldman Sachs. Health insurance for all Americans is a drop in the bucket and of much greater utility to the country as a whole.