One reason I think the housing bailout is raising so much ire is that it pits Americans against each other. A family on one side of the street might qualify for restructuring, but their catty-corner neighbor might not. They could be in similar financial situations. Or they might have different definitions of "living within your means." The debate in the comments section of this blog captures what I'm talking about.
If you'd like to see an in-depth, calm analysis of the President's housing plan, you might want to watch this from the Lehrer NewsHour last night. Or if you want utter catharsis, Rick Santelli's rant on CNBC yesterday can't be beat. Wow.