Our economy, as currently designed, is based largely on credit. Without credit, small and mid sized businesses aren't able to grow or operate.
Even with all the previous bailouts, incentives, rebates, etc - so far I have not seen where government intervention has solved anything. If anything, it has prolonged things. Instead of having a great depression this year, we'll just put that off for a few more years - by going into BAD DEBT. And to make things worse, banks are not lending the money to responsible borrowers.
There is such a thing as good debt. Good debt helps (responsible) people buy homes and helps good businesses grow - it is leveraged to make more money. Unfortunately, people and small companies are getting shut out and unable to get the money they need. Meanwhile people who have been wreckless with money are getting bailed out.
The bailouts are just more "trickle down" economics. If we want this to work, regulators need to guarantee that small businesses have access to the money they need. That is where job growth is in our country.
The key to solving the financial crises is confidence. The bailout may give people who think a longterm investment is 2 weeks more confidence. But it creates more (bad) debt for our nation - debt we won't likely ever recover. This debt erodes confidence in the dollar and will weaken our purchasing power.