With the big three automakers now on Capital Hill with hands out, I got to thinking a little more about the 700 billion bank bailout.  If it weren't so sad, it would be funny watching congress complain about the direction of the bailout, that they approved.  The proposed bailout over GM, Ford and Chrysler is even worse, if that's possible.  These companies could all actually benefit long-term from bankruptcy and a restructuring of their contracts and debt.

But then I realized there is a silver lining to these bailouts.  Democrats control congress, and Democrats like to spend money even more than Republicans.  Congress does a terrible job of spending our money on programs that either don't work very well, or are not needed in the first place.  At least the bailout money goes to the private sector.  This money was going to be spent by congress on something stupid.  Let's not kid ourselves. The 700 billion was going to be spent. At least now it won't be spent on midnight basketball, or grants to ACORN, the ACLU or some other absolutely nonsensical program that essentially fights against the needs and desires of most of America. 
From an economic stand point, these bailouts will probably due more harm than good. But the reality is, the money is better spent by drunken wall street "tycoons" and executive managers who have no idea what business even is, than congress.  I still don't like them, and I still think our congress is a ship of fools, but at least they'll have 700 billion dollars less of our money to make government bigger.