http://www.youtube.com/watch?v=WL-9CV-qbMwPaul nails it here, the bailout will not work because it addresses a symptom rather than the the root problem. The credit crunch they've "fixed" with the bailout is a symptom of the larger problem of overspending, inflation and not living within our means...
He also draws a parallel between our situation and the USSR in 1989, which should be interesting to those who say they agree with Paul's economic policy but not his foreign policy. They couldn't afford to maintain their global presence, and neither can we. Agree or not, we can't friggin afford it.
I'm thanking god I don't have kids right now, if I did I don't think I'd be able to sleep at night knowing the mess we're passing on to them...