Bailout word itself is depressing...it wont bring back the lost sentiments

World is rotating at its axis and economic world is rotating over bailout packages. Axis and bailout has analogy here, there subjects would end if they seize to exist. Americans have now become afraid of this word. Every time a bailout is announced it sends a signal to the world that there are another new defaulters in the market and this brings down the sentiments of the consumers further.
This is not the case in countries like India where bailout is being taken in good spirits. There is a reason for this difference in the way same word is being used today. When a bailout is announced in India its basically a economic stimulus package not the bailout like that in America where bailout is being given to save the big defaulters. Bailout of bankers like AIG,Citi and others had brought a depressing effect over the people. I am telling this story because in this grim situation US government should try to improve the sentiments of consumers more than anything else. Until the consumer spending kicks off again nothing is going to happen. Just bailing out the defaulters wont work.US is already reeling with the worst economic deficit in history totaling to staggering $1 Trillion which is almost equal to the entire GDP of India.With that kind of deficit what will happen if situation does not improve after these bailouts as it has been happening till date and government is in no position to bail out further because of low availability of dollar. Even if that does not happen and bail outs work for now, US will generate such a deficit that it will have horrendous impact over its reserves and dollar itself which would give other competing currencies to built their supremacy over dollar.I think this situation is now quite apparent to Mr. President elect too and that is why he recently said that bailing out is not the solution to the problem and they will have to devise some better plan. Hope his economic advisory team which has the best of the minds and experience of the world would soon come up with something which would bring in much needed confidence among the consumers.