All I gotta say is the "pass the bailout or the world collapses" bill...isn't keeping the world from collapsing.
I won't be surprised if this week we get into the mid 9000's.
A safe bet also that the measly $700bn (in the scope of the entire mess, it is nothing) will have little affect, if any on "mainstreet".
There will still be 100's if not 1000's of banks closing in the U.S. - and 100's in all of Europe.
Credit will be tight for perhaps years to come...we are entering a deep recession that cannot be averted.

So to the OP - yes we need to throw out virtually everyone.