Economic Tsunami ?

BBC News: Reports on the delay in bailing out Wall Street. The question has to be asked, is Western Economy better served with an Economic Tsunami, clear the dead wood, all those banks that have given loans to people who could not afford the loans in the first place are being bailed out by the US Government and the tax payer. It can be argued that these banks should be allowed to fail, the profit part of these banks will be taken over, and new economic order will develop. The Liberals in Congress want to add their own pork to the bail out, every time a company faces the threat of going under, Liberals in Congress will use the Government bail out of Wall Street as an example of what the government should do when a company is going bust. The West wont see another 1930s style depression, the USA and UK has a welfare structure, so there wont be any soup kitchens, of course Bush and Congress will get a deal, they don't want to be another Hoover of the 1929. The question that should be asked is this the right way, from pain we could create a new economic system.