Can we recover from this new financial crisis?

The main issue in this financial crisis is fear. The economy will go nowhere if the consumers are afraid. Look at the stock market: it goes up a bit, then crashes around 700 points. People are foreclosing, pulling all their money out of banks... it's all fear-based. When consumers are re-assured that everything is alright, the economy will go back up, but it needs a change on the individual level. The bail-out is a step in the right direction, its a start... but the government and the presidential candidates need to do more than talk and bicker and disagree. We need a bi-partisan solution. I for one, am not changing a thing. I have an account at Washington Mutual, which went under and was bought by Chase, but I'm sticking with it unless the changes become drastic. And, I suppose the silver lining in the stock market is that it's a great time to buy since the stocks are so low. They can only go up from here, after the economy recovers.

Insufficient? How about we say, it was a stupid idea that's probably actually making it worse. How about that? You'll have to forgive my raw emotion here, but I'm done mincing words when it comes to this. Ultimate solution, is simply this: People need to take back the power, economically. Big businesses should be allowed to fail, since they're just going to continue injuring us..the longer we try to help them. The people need to start their own business and transform how their communities and respective areas do things to be better able to take care of themselves/ourselves. Government should cut out all the crap spending it doesn't need so that it can focus on what the people actually do need -- and work on making sure they don't end up costing the people money they don't have.

In my opinion we are the reason for the presant financial crisis. we are a nation of having to have our dessert now. We don't want to save for any thing. We can get credit (or we could) to buy every thing. Every thing is run by credit even business and the government. Not very many people have an emergancy fund. we expect the government to bail us out and they will by going even deeper into debt. And we the tax payer will have to foot the bill. we aren't very smart about money. We are teaching out kids the same thing. The only tru way to get out of the financial crisis is for us the public is to start pay our credits cards and other credit debts off with out adding to them and to save for every thing we want.look twice and three time befor buying something and then don't if you don't need it and start saving, saving, saving. Read Dave Ramsey's "Financial Peace" If your already in a hole no use to continue digging

In my opinion we have to many foreign products that are cheaper to buy. Everything now comes from foreign countries and that is making less jobs for the people. And also with all the new technology it cuts job rates because we are turning to computers to do the jobs of people. Like the new slef check out counters I was thinking about this the other day. They have one person running for self check outs that is three less jobs. We are all faced with hard times!!

It is something we all are going to ask. Its a huge crisis. But think it will be overcome gradually. may be it will take some time

I hope I could help. Shame one me! I am so ignornat that I just wish some mericotrats will some fix it.

Unfortunately, I don't think world economy will ever recover from this.

Of course the U.S. can recover. Its just a normal business cycle. Periods of expansion alternate with periods of contraction. The details of each cycle may be different, but its a very predictable cycle.

Let me correct you there. The US isn't the ONLY one that is in huge trouble thanks to your president's wrongdoings, the entire WORLD is under the possibility of having a financial breakdown because america's economy greatly affects the rest of the world, if not we wouldn't be in this mess either. I think the best -and probably only- way of recovering from that crap is having the US stop attacking ppl nonsensely and stop wasting so much money over arms and whatnot and dedicate that money for what really matters