Up in Smoke?

I awoke to more financial woes and unfortunately the promise that our President was looking into this matter. This isn't going to be a lengthy blog going over all the particulars and political elitist's concerns. This is simple and straight to the point. We, average citizens, can't afford our own lives, much less to bail out multi-million and billion dollar corporations in which the CEOs and Board of Directors will maintain their current standard of living. There is no reason to try to keep Wall Street"business as usual" while the rest of us finance their rescue. I keep hearing the term bail out because we can't afford for a particular company to fail. If it needs bailing out or bankruptcy protection, it already has failed. Our President is promising money he doesn't have and his generation, which is also mine, will not live long enough to earn or repay the loan.
If the Federal Reserve truly has the money and they are the financier for the government, why don't they pay down some of the deficit, instead of covering poor decisions made by the greedy and the wealthy?
The "much needed" bail out yesterday was at the top of the news this morning. The government had to bail AIG because the entire world was affected. The entire world was watching what our government would do with AIG and now all eyes are on WA-MU, which I think sounds like something the GOP VP should be hunting next month.
This American administration has already pumped $50 billion into corporate America, with the tax rebate incentive earlier this year and financed Chase to consume Bear-Stearns. Now owns Freddie, Fannie, and the Federal Housing Administration. They've taken just as much real estate from home owners as the original settlers took from the Indians. I never allowed my children to use the "F" word, but I'm thinking Federal is the new "F" word of the 21st Century.
So, as the world watches for the sake of the global economy, I just can't help but think of the apocalyptic passage regarding the demise of the Harlot of Babylon in the Revelation. I think the whole world is watching as we go up in smoke!
For in one hour so great riches is come to nought . . . And cried when they saw the smoke of her burning . . . the Revelation