We, Americans, are wonderful people. No, scratch that. Republicans are wonderful people.

The difference between a Republican and a Democrat is that a Republican is bold even when he is wrong while a Democrat is apologetic even when he is right.

Go figure.

The core financial argument being made by the Republicans as U.S economy and world markets flounder is that people who made bad business judgment (blink, blink- Iraq invasion) cannot be rescued by the government with tax payers money. Just like they had “amnesty” as the dirty operative word in the immigration debate, in the financial crisis debate, the dirty word is “bailout.”

As the housing market collapses following the subprime mortgage burst that government monitors failed to catch as it went out of control, the Republican led government of George W. Bush continues to discard and debase any plan to get to the core of the problem. Concerned economists have come up with several plans, many of which have addressed the perception of bailout that concerns of the Republican led executives. Yet, each one is greeted with that greatly abhorred refrain- “bailout.”

In a now well tooled rhetoric skill that saw every solution to the immigration crisis shouted down as “amnesty,” all sensible suggestions to fix the housing market is shouted down as “bailout.”

Only a Republican led government can argue with a straight face that tax payers’ money cannot be used to rescue sinking tax payers whose inability to pay taxes is sinking municipal governments across the U.S.

Yet, late at night last Sunday, the Federal Reserve Chairman, Ben S. Bernanke, and JP Morgan executives met in close doors and bailed out, with tax payers’ money, the fancy and failing Bear Stearns - a bank that had billionaires’ billions trapped in it. Proudly, the Feds announced the bailout the next day and the market responded with a sigh of relief.

The logic was quite simple, they explained. If Bear Stearns is allowed to go under because its debt was 28 times more than the equity it holds, so will other banks and allied corporations. It will lead to a domino effect that will bring down the whole economy.

Oh, yeah!

Well, dude, listen to me. I am going down in debt. My debt-equity ratio is over 28 to one. And so it is for many Americans. As we go down in debt, so do our marriages, our children’s future in and out of school, our involvement in the economy as consumers, our role as members of our community and of course, our damn sanity. Our fall also has ripple effects.

Do you want me to break it down the more- broken marriages, broken homes, broken children, and broken futures? In no time, we will begin to pull out our kids from private schools and add them to the crowded public school system; drop less money in church during offerings and get pastors to say more damn things; buy less CDs and get rap stars to swear more; eat less vegetables and fruits, buy more liquor and more junk food, create more diabetic patients, add to the already long wait at the emergency room etc etc.

Just as Goldman Sachs, Lehman Brothers, Wall Street are in crisis, so are Rudolf & Williams, Tuwanda Sisters, and Home Street. Plunged in the last couple of months is the home front’s standard & poors, leaving behind nothing but poor souls. I have heard nothing about courting our interest. So, dude where is my bailout?