Are we headed toward a depression?

[Ban my account ffs!]

I think the key to helping this country will not be to react and try to fix the country and take it out of recession... sure... stop some of hte bleeding...

But the main priority should be enacting policy that prevents this from happening next time.  We need effective regulation of banks that prevents them from taking these bad risks that will hurt the economy without choking investment.  It's a fine line, and with the ginormous ink splotcher the government likes to draw those lines with... we'll see how well we can pull through this.

But I think this recession is already in the bag.  We need to stop the bleeding, cut our losses, and promote investment while stopping people from falling through the cracks.  Then we can say "well, we won't let this happen next time" because there WILL be a next time.