Good news for the people who spend

The bailout that Congress is considering will save or create 4 million jobs. What a great line. How can it fail, unless things get worse and only 3,999,999 people are employed in the U.S. There is no way to measure the success of the plan.
The economy is the least of our troubles if we believe what we were told last night. We were told that the Federal Government was the only entity left w/ enough resources to jolt the economy. First, I do not believe the Government can jolt anything and second, where does a government get "its" resources? The idea is that you can spend your way out of debt.
I saw on the news today that people in Connecticut were protesting outside of the homes of bank owners. They were complaining because the banks were doing nothing to help people who could not pay their home mortgages. Why is it the bank's problem that people can't afford their houses and why would a bank give someone a loan who cannot pay the ones they have. You could argue that the banks often gave loans to people they should not. This happened some I am sure, but banks often give loans to those who do not qualify for fear of being sued on the basis of discrimination.
We were also told last night that only Government can break this cycle we are in. I believe the only way to break the cycle is to live off of less than you make. We should do this on the individual level, business level and government level.
Part of the plan is to put money in the pockets of the people who will spend it. If this is done through tax cut for the working class, I am for it, but if it is done through another stimulus I think its a bad idea. The first stimulus did not work.
President Obama also said putting money in the hands of people who would spend it is the only way to save the economy. He is partly correct. For our economy to be successful, people do need to be spending money. Where he is wrong is that our economy works when people are spending their own money. Not borrowed money, not buying things on credit. This goes back to us trying to break the cycle. We are not going to break the cycle by doing the same things that put us in the cycle. We just do not want to face the fact that we cannot spend our way out of this problem.
I believe that we would come out of this thing stronger if we let the economy fix itself.
At least come up with something better than making my home more energy efficient.