600 Billion Wall Street Bail-out: So, who really wins?

'Are you also scratching your head, wondering about the Partisan-politics-shouting into microphones, instead of coming together to have a solution? -- 'Leave it to a dilbert comic strip, from 2002, to explain it all us:

'Do not be fooled. The $700 billion (ultimately $1 trillion or more) bailout is not predominantly for mortgages and homeowners. Instead, the bailout is for mortgage-backed securities,' suggests Time Magazine.

The Bush administration talks about this plan as if this could save the day, while house republicans are flooded by e-mails from -- 'regular people 200 to 1 crying 'we don't want a 700 billion bailout plan,' because we can't pay out mortgage. Why are you bailing out those Wall Street-bitches?'

At a time like this, I like to turn to the voice of reason, Dilberts' creator Scott Adams, on the rejected solution to the 'financial meltdown' he says:

'I am digging my underground bunker and hoarding canned goods. I call that "doing my part."'

Adams adds: 'I wasn't truly scared until I saw on the Internet that Michael Moore has waded into the economic discussion. When citizens start getting their economic guidance from Michael Moore, well, that is a harbinger of doom. But the worst part is that I'm not entirely sure he's wrong. Stay with me on this.'

'There is a growing school of thought - let's call it the Michael Moore school - that the $700 billion dollar so-called bailout is intended primarily to enrich the already rich. To me, that sounds like a cartoon characterization of a complex situation that couldn't possibly be accurate. On the other hand, a year ago if you told me the entire economy depended on making loans to people who couldn't repay them, I would have dismissed that too. So I am reluctant to dismiss ideas just because they sound crazy.'

'Let's pause here to acknowledge that any governmental action to maintain the health of big banks, and the economy in general, will benefit rich people the most, simply because they have more money on the line. That's how capitalism is constructed. The relevant question is whether lower income people also gain by the $700 billion bailout.' -- (you can read the full Scott Adams-rant over on his always smart blog).

While I'm left -- 'wondering whats happened to our distorted view of the American dream, or what it's been turned into, is it -- 'A system that steadily increases the gulf between the ordinary man and the super-rich,' says this writer -- 'that permits the resources of society to be gathered into personal fortunes that afford their owners millions of income a year..."

I want to keep-hope-alive and suggest our better days could still be ahead of us...but, after reading todays gloomy forecast, that makes it harder to do...'let's give the final work to Charlie Rose: