The situation seems dire but bailing out bad investments certainly seems like "financial socialism" and a very bad idea. But I don't have enough information to know whether or not we're so deep in the doo-doo that we have no choice.
It is times like this that we should all realize that we elect leaders to lead our nation through crises. Real leaders aren't worried about poll numbers or legacy building. Instead they analyze situations (where they have more information than we do) and guide us down the chosen course.
And that's why character and integrity matter in the upcoming presidential election. Which of the two candidates do you want steering the ship through troubling times? And who do you think has the ability, courage, wherewithal, and fortitude to face up to this and whatever future crisis might arise?
The answer is clear. The man for the job is John McCain.