The bailout failed, will a new plan be better?

I think most of us are glad the bailout failed. Will we get a better plan? 
How about we "facilitate" the buyouts with the private sector?
Let government (we the taxpayers) be the buyer of last resort, instead of first.

Unwind the securities and pull out the good mortgages and sell them first.

Let the homeowners who are close to foreclosure have right of first refusal on a refi, at the bailout price.

And then we can get to work on fixing the economy in about twelve to eighteen months with sound, tested economic policies that have worked in the past.

Will it happen?

Hell no. Same shit, different congress. Hold on to your hats folks, it's going to get horrible if something isn't done.  And I don't see a realistic, logical economic plan anywhere on the horizon.

Barack Obama says we congress needs to step up. (And do what Barack?)

McCain says we need to work in a bipartisan manner. (Towards what goal John?)

If this is the best America has to offer, I'd suggest we need to start looking for another place to live.