I honestly don't know whether it would be worse for this bill to pass or for this bill not to pass ...
If the credit markets end up getting any worse there will be large companies that are forced to close their doors because they will simply be unable to gain access to the credit they need to handle their day to day operations; if this happens you would see an instant spike in unemployment and we would be in an instant depression.
At the same time if this bill does pass the American tax payer is going to be stuck paying a debt that they did nothing to earn (for the most part); this will result in higher inflation/higher interest rates and slower ecconomic growth.
I think everyone would feel a lot better about passing a massive bill if we saw alternatives.
