I don't think this bailout was all that well designed, however the drama over it is vastly overstated. Things were bad, this will help. The design was rushed, but it covers all of the core elements it needed.
I think what "the people" don't understand is that the damage is already done. The mentality is that it is the CEOs that will pay if things fall apart. It won't be. It will be the contraction of the labour market that makes people lose their job. It will be wage depression. The economy will shrink.
If you contrast that with higher inflation - which really doesn't hurt the average person that much - the people end up paying it off over a long time. And they don't pay the deadweight portion of a complete meltdown. It's a good deal all around.
Just so long as the people fighting with the government don't, once again, get up in a huff about regulating the system, the overall growth and quality of life will likely continue only slightly abated.