I'm skeptical on the prospect of "bailing out" people that gave out loans irresponsibly and the people that took loans to be questionable.
Especially if the money used comes mostly from people that were not irresponsible with their mortgages, or did not even take out sucha loan. For a "meltdown" the vast majority of mortgages are being paid on time.
The response from the various candidates has been interesting.
Link has more, and links to more.