Is the bailout a good thing?

What a better topic for me than none other than the screwed up economy. The evidence of it is everywhere--especially in my own backyard Phoenix, where we have more foreclosed homes than California. Our unemployment rate is now at 5.6%, and I know that from first hand experience. My boyfriend lost his job--a last minute choice for a failing car dealership. Today is his last work day--then the lot will be something completely different. He has been looking everywhere, but so far has come up with nothing. The mechanic jobs are not there anymore; the car industry is failing too much to afford or even want another mechanic.
And here I am at this $10/hour job, wondering how i can help bring any money in while still saving up for college, worrying about how i am going to feed my dogs, thinking of what may happen to us, and doing everything i can to help my boyfriend look for a job--any job at this point.

The bailout is just another bad idea--however, having no bailout is also a bad idea. It's a catch 22; the bailout passes, and America is looking at a $700 billion bill to pay. That means less money in our pockets, which means less spending, which means "oh shit!" for the economy.
However, if there is no bailout, hundreds, perhaps thousands, of people will lose their jobs--which means a lot of people will have NO money, which also means "oh shit!" but it'll happen a bit quicker than the former.

People everywhere are freaking out. My business teacher told the class to pull some money out cause the day when ATMs freeze is lookin more realistic these days. Of course, this most likely won't happen, but it's difficult to not believe it these days. Especially in Phoenix, where the average foreclosed homes being filed is 300 to 500 a day.

Personally, I don't like bailouts. They temporarily save face, and the CEO's walk away with millions still in their pocket. It's proof that if you have a large corporation and do something stupid just to make a quick buck--it's okay! The government's got your back!
Many business schools teach this way--Make a million now! I've never heard of a class or teacher that is about teaching how to make your business a permanent success. Most books about money is about being rich quick. That's what we teach; think about now or tomorrow, not five or ten years from now.

If the government did no bailout, of course many would loose their job, and our economy would suffer majorly, but i know that two things would happen: firstly, the government would do what they did during the depression--create jobs. They hiried people from everywhere to build, clean, teach, etc. The hoover dam is the biggest proff of that. It was called the CCC--Civilian Conservation Corps. It saved the average American from certain loss.
Another major thing it would do is slap American Corperations in the face. It sends the message, "We will not bail you out when you fuck up!" They will see that they must change how they look at and go about making profits. A quick and corrupt buck will not look as pleasing as before.

But, such action would never happen. America's government loves large corperations (why do you think they love them so much?). They give something good to them ("I'll give you $2 million if you against this bill!").

Perhaps i'm being too pessimistic. Right?