Buy a power bleeder.
http://www.motiveproducts.com/index.html
1. Jack up the car.
2. Take off the wheels.
3. Fill power bleeder, and pressurize.
4. Walk around the car and open one valve at a time and drain.
I can flush and fill the brake system on my car in about 20 minutes. AND, you get a highly effective bleed. I've never had any problems with air remaining in the system; Even with a 95 Cobra MC (tilted big time) and an ABS module.
It's probably my favorite tool.