Checkout a the movie I.O.U.S.A.
What we need is a real crash to clear everything out, propping up car makers and banks is just going to make the next crash worse.
i used to think that too......... but things may not recover in the way you think
politicians cant tell us the truth right now because it would trigger a panic and collapse
it _ would _ result in a collapse of the global monetary system as you know it , and none of us can predict how that would turn out
would there be a mad-max style anarchy ?
would it trigger a nuclear war ?
would one country decide to just shelter half a million of its richest citizens underground and allow nuclear war to wipe the slate clean ?
could it result in 2 or 3 generations of humanity rebuilding from life as paupers ?
intelligent governments would have strategies in place to bring in a fixed currency , fixed exchange rate within their own countries
but any foreign nation that owes us billions in loans would be waving the finger at us , and if foreign exchange cannot be controlled from wild swings and devastation of the weakest currencies , then the entire export market for us becomes a worthless joke , what does our economy and workforce do if our export sector vanishes overnight ?
what happens if we suddenly cant import all those consumer goods we crave because countries dont trust each others credit worthiness , and we cant manufacture them here either because all our manufacturers went bankrupt or closed their doors years ago because they couldnt compete with subsidised chinese exports ?
... but anyway ............ back to the good news
keep a positive expectation and focus on what we can do to improve what was behind us .....