The Bail Out

Apparently our "leaders" have come to an agreement about how to handle a bail out of the misdeeds and idiocy of the Solons of Wall Street and the banking industry.
This writer does not claim to have any expertise about economic matters. His financial plan is based on the thoughts of John Wesley: Make as much as you can, save as much as you can and give as much as you can. But this writer thinks that the bail out plan is a bad idea simply because there is no Constitutional mandate for the federal government to bail out any one, let alone Wall Street and the bankers.
The speed with which this deal has been pushed through the halls of Congress reminds your faithful correspondent of the sale of a questionable used car. In other words, the salesman tells you that the car is great and if you don't buy it now someone else will be it and you'll be getting to work on the bus. Then, after you buy it, you find out that you have to spend as much as the car is worth or more to get the thing safely on the road.
Also, this writer is of the opinion that the businesses who partied at our expense have no business expecting us to suffer the hangover they caused.
Would the failure of the government to bail out the banks and investment houses result in a recession or depression? Perhaps. But that may be the very thing that we need to instill financial discipline on business and the populace.