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I know it's a big deal. I just think that's what happens when you let this much economic pressure build up. We've done everything we can to preserve a foolish illusion that economies can always grow and that recessions/depressions can be wholly prevented. I don't think they can, and I think they're a normal and important part of a healthy economy. By redirecting that economic pressure to artificially prevent small drops, we've led to an inevitable large drop.
And, as I've said, if we can muster $700 billion, we can use it to help the entire country instead of trying to use it to "bail out" some big banks who ought to fail for being bad business. Does that create something of a credit crisis? Yes, a major one. But that's something that, at this point, I think needs to happen before we can get things back on track. You said it yourself? Where are we going to get credit? That's the problem. We're plain, fucking out of credit. This country, both the federal government and many of the citizens and businesses have run out that line as far as it goes, and eventually there's no more credit to be had. I'm not pretending this is going to be fun to get through. It won't be. But making the problem worse by adding further credit bloat by tossing more money (spirited in from...somewhere?) at it isn't what we need.
We need some politicians who have a shred of a clue about economics. We need to let the economy adjust itself. We need transparency. We need a balanced budget.
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