Though the U.S. Economy clearly affects Tech as much as any industry I don't think it's really in the purview of this blog. That said, I did want to say one thing about this bailout proposal.
I'm seeing a lot of debate online asking "should we be doing this" or "is this too much money" and I'd like to make one quick point to those people: We have no choice.
These banks are FDIC insured which means we either give them a little money to keep afloat now or they default and we end up covering all their debts. So while the specifics of the plan are up for debate the need to do this is a given.
In other words, debating whether the country should do this is pretty much pointless because we'll end up paying either way and the bill is much bigger if the banks go out of business.