Main Streets Blind Faith, Article Critique!

The Article I'm critiquing is titled "Main Street's Blind faith", and it was posted in USA Today's columnists' opinions section on the USA Today website. The Author is Ted C. Fishman. He has written numerous articles for USA Today as well as The New York Times Magazine, Money, Harper’s, Worth, Esquire, GQ, and the Chicago magazine. He also has a book for sale entitled "China Inc." that explains the implications of China's growing economic prowess.
I believe the author of the article I'm critiquing intended his audience to be mostly middle class Americans, both male and female. Common working men and women who pay taxes. In his article he claims that our present financial crisis is the product of our irresponsible elite. He contends that the root of our financial problem stems from a lack of true moral ethics in our elitist financial sectors of business and government as well as our higher education centers who train them. The appeal to taxpayers is obvious. We are stuck with this staggering bill while the people responsible for it are still reaping millions. A popular phrase in the media is that we are privatizing gains while publicizing losses. He goes on to say that wall streets failure is ours as well. That our own lack of self control and intelligent investing is as much the cause of our present problems as the people who are ripping us off up stream. The problem it seems is a moral decay that manifests itself in our culture through frivolous self interest and Social Darwinism. He proposes that our government has financially over extended itself already and that digging a deeper hole is not the answer to our credit problems. He has linked to his article a number of other articles which expound and support his argument. There is very little in the way of actual hard evidence connected to his article but his logic is solid and concise. While he is obviously against it, he acknowledges that we are going to do this bail out. As bad as it is for us the average American taxpayer, were going to further over extend our nations debt. It would seem that our own instincts of self preservation will take precedence over the quality of life of our children.