Bail Out of the Bailout

It is with wonder that we mere mortals gaze at the astronomical amounts of money being thrown at the wall with the hope some of it sticks and covers up this unsightly paintjob we call our economy. Most of us can not imagine these amounts in reality at all. We have been told that or grandchildren's grandchildren will still be paying this debt; and that's if wey get lucky and somehow this hastily thrown together "bailout" works in the slightest!
Everyone has heard that "Those who forget history are destined to repeat it". We hear but many, in fact most of us don't learn. There are lessons here that warrent remembering. How did we get here? What decisions, and by whom got us into this mess anyway? No less important is how we let the very bunch that was asleep at the wheel fling us further down the well by mortgaging our ancestors future in a haphazard attempt to "do something even if it's wrong". I truly believe that no person or group actually has all of the answers. That being said, there are many good ideas. Ideas that should have been studied and acted upon when deemed viable from a practicle accounting perspective. For example, what if each bank that handles home mortgages was required to use all of it's "stimulas" money to make loans on properties forclosed on themselves. Add a 10 percent extra loan at adiscount rate to be used by the home purchaser to upgrade the distressed property, hiring painters, carpenters etc. This would immediatly not only upgrade the bank's bad loan percentage but put contractors to work, stimulate suppliers sales and of course, generate tax revenue. A small and perhaps simple start, but a start non the less! If something does not make simple sense, it more than likely does not make any kind of sense.