700 Billion bailout rejected for the best

In my opinion that rejection of 700 billion bailout is for the best. It it better to wait for 3 months and let the new leadership decide on matters like this. Instead of let someone who only have 100 days in their mind to lead this effort, I'd rather someone who is looking at least 4 years or even 8 years ahead to do it.

Remember the pardons and commutations signed on final day in office by the former president Bill Clinton? It is very hard to imagine that you can get any responsible long term plan from person who is gonna leave office in a little more than 100 days.

In sports, it is so much easier to use illegal drugs which can give you an edge for a few hours or even a few days. Which in long term, can put you in worse shape. This bailout may be just something like that. It will make some one looks good in the next 100 days, but who cares what happens afterwards? If the economy is going down mid year 2009, it may even make the current leadership look good. Isn't it?

The pitch:

Because the government would be purchasing troubled assets and selling them once the market recovers, it is likely that many of the assets would go up in value over time. Ultimately, we expect that much - if not all - of the tax dollars we invest will be paid back.

The questions:

1. Who is going to benefit from this without out all the ifs and expects?
2. Who is going to pay for this? The government or more like the people?
3. If I lost my car, and I don't have insurance. Will US government buy the right of my car, and hoping that one day my car maybe found, and the tax dollars "may" be paid back?
4. And there is also the question whether a leadership that rushes to a war looking for "WMD" based on misinformation is capable to get it right this time?