And the shame and horror of the irresponcible spending of the Obama Administration to accually believe that giving bailout money the the companies that got us in this situation in the first place. What a shame.
It doesn't matter if you are a Dem or a Rep, you can't fish a broken economy by throwing more money into the pockets of the ones who ripped you off in the first place.

The government got nothing for the bailout money except a lifetime of debt.

Our countries pathetic economy is 99% due to a housing bust. We built too fast because the housing market was de-regulated in an effort to make more americans homeowners.
THOSE PEOPLE SHOULD NEVER HAVE BEEN ABLE TO BUY A HOME.

If you can't manage your money enough to save a 20% down payment, why on earth should you try to finance something you can't afford.

"Suppy and Demand"

Economics 101

We have too many houses on the market therefore the value of the houses is in the tank. If the Government would have taken the 1 trillion dollars it gave to the banking industry and bought up houses that were in forclosure. They have taken a huge dent in the supply of houses on the market and had something liquid for their money. Taking those houses off the market woud then create less supply. That would stabilize the market. and create a demand for homes.
As the economy began to stabilize, the government could either rent those houses to the people that cant afford to buy them, or hold them and slowly introduce them back into the market as it gains demand. It really is simple Economics. You don't have to be a Republican or a Democrat to be smart enough to see the wayste of money that is continued to be thrown away.