I've said it before and I will say it again. We can't spend our way out of this hole. We need more than the Fed or the Treasury pouring dollars into another bank. That isn't going to do it. More importantly, it is wasting money.
We need jobs in this country, we need to make things in this country. Is it any huge shock that this massive economic slide comes after almost a year of the country losing jobs month after month? Or over 7 years of the government spending money on a war? And politicians just don't get it; taxes aren't really the issue, jobs are. You don't need to raise taxes if you have people working and actually PAYING them.
This is going to be a long, nasty recession. And it won't get better until the United States gets the fact that we can't import jobs, fork cash to the super rich and drop billions on military engagements and military hardware we can't afford.
Maybe when we freeze our asses off this winter the cold will help us identify our priorities.