No I’m not. People throw around the $8.5 trillion number because it’s eye-catching, but far less has actually flowed out of the Treasury, most of it never will (since most of that number consists of guarantees of things that aren’t going to fail), and even much of what did flow out—such as the $350 billion in equity investments in banks—will surely bring some return to taxpayers when those stakes are eventually sold or redeemed.
That's your opinion, but remember Bush and McCain saying "The economy is fundamentally sound" before telling us that it was all going to fall apart unless we coughed up $7B.