Also America has become a country of merchants. Everyone wants to sit on their ass and let the great unwashed masses come in and buy the Chinese made stuff. The list of store closings after the first of the year is mind boggling--- it will have all of us stuffing cash under our mattress's!
It's throw the babybout with the bath water time. From Barron's 11/12/08 "This nation is going to bail out Paulson's idiot friends on Wall Street...and stick it to the hard working men and women of the Midwest by allowing GM to fail."