I believe that this news article sums up what is wrong with the government bailing out the economy.

SAO PAULO -- General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker.

According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to "complete the renovation of the line of products up to 2012."

A GM spokesman has denied using bailout funds to export American jobs, but that appears to be nothing more than a bookkeeping matter. This is bad enough as it is, but it doesn't stop there by any means.

First of all, we need to get an idea of just how large the bailouts have become.

The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages.

The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have lent or spent almost $3 trillion over the past two years and pledged up to $5.7 trillion more....

Only the stimulus bill to be approved this week, the $700 billion Troubled Asset Relief Program passed four months ago and $168 billion in tax cuts and rebates enacted in 2008 have been voted on by lawmakers. The remaining $8 trillion is in lending programs and guarantees, almost all under the Fed and FDIC. Recipients’ names have not been disclosed.

“We’ve seen money go out the back door of this government unlike any time in the history of our country,” Senator Byron Dorgan, a North Dakota Democrat, said on the Senate floor Feb. 3. “Nobody knows what went out of the Federal Reserve Board, to whom and for what purpose. How much from the FDIC? How much from TARP? When? Why?”

The massive theft that has happened under these bailouts seem almost beyond comprehension, roughly 2/3rd of the GDP. Imagine what we could have done with this money if it was directed at the taxpayer?
We could have completely solved the housing crisis AND still had enough money left over to have single-payer universal health care for everyone.

Instead the money got sent to that black hole known as Wall Street. How much went into executive bonuses? No one knows for certain, but 86% of the first $125 Billion in capital injections into the banks wound up in compensation and bonuses. The average compensation for Wall Street bank executives that got taxpayer bailouts last year was $2.6 Million.

And its not over yet. Now we are going to subsidize Hedge Funds.

Hoping to jump-start the financial system, the Obama administration is considering turning to a new program run by the Federal Reserve that has been a challenge to launch and depends heavily on hedge funds…

In essence, the government, which doesn’t want to buy these securities itself, is lending money to professional investors so they can buy them. In some cases, the government itself is guaranteeing payment on the loans that back these securities…

Some hedge funds, which often use borrowed money to boost returns, are lining up to get in on the Fed program, seeing a chance to make high double-digit-percentage returns with little downside using low-cost loans made on easy terms.

The loans the Fed makes to investors are nonrecourse, meaning investors can’t lose any more than the money they put upfront on the security. If a hedge fund defaults to the Fed, its collateral is the securities themselves. There also are no margin calls, meaning the Fed can’t demand additional payments of cash from borrowers if the underlying securities fall in value.

The taxpayer sure is generous to the wealthy. It's almost as if the working class doesn't know what to do with all its riches, and thus must shower the wealthy with its money.

At this point I really don't understand why Americans aren't rioting in the streets. Don't you understand that Washington is picking your pockets for the benefit of Wall Street's uber-wealthy?
It's like a grade school bully. You aren't going to be able to reason with him. He's going to keep taking your lunch money because he can get away with it. Simple as that. Except in this case, he's taking your retirement money, your savings, your house, and the clothes off your children's back. Are people really that stupid as to think that any of us are going to be able to get this money back in the future? That money will wind up in overseas bank accounts and be lost forever.