guess what? we paid for it. actually, china mostly paid for it, & you, your children, & your grandchildren get to pay them back. but don't worry: it's only us$500 billion.* so far.
this illustrates the problem with letting neo-cons get their grubby paws on the economy. the game revolves around guessing who will get winged, who will be shot dead, & how much damage the damned dirty apes will do before someone takes them out of the picture.the problem is, even though we're paying for them, we won't ever own any part of the companies that washington is bailing out. essentially, we're giving them this money as a gift, to counter all of the bad debt that they knowingly took on. essentially, we're rewarding their mistakes, so that none of them learn a thing.
all hail the free market!
(* even without interest, that's an additional us$2,000 in debt for every man, woman, & child in america. added to this year's already-a-record national debt, and we're up to almost us$1 trillion. yep, that's trillion with a 't'.)