people already dont have jobs think about it money is nothing more than a piece of paper with a number on it its nothing more than a glorified bartering tool
Money used to be backed by gold, then silver. Now it is backed by good faith. Some call it credit. When you print more money, the value of the dollar goes down, and that is very bad for any nation as it loses its ability to do business with any other nation as no one wants the bill. Just look at the peso. 1 peso is worthless compared to 1 US dollar. Devaluing the dollar will lead a nation into poverty. Want to pay $1,000 for a loaf of bread? I sure don't. It is also irresponsible to just print more money. You use what you hve responsibly, you don't just get more.
When other nations see a nation's government not responsibly utilizing their money and letting their budget and debt run away, it makes them not want to deal with that nation, so good-bye imports.
It seems a lot of people have forgotten about basic economics, and how capitalism really works (not referring to anyone here). Capitalism has a self-correcting system that enables it to recover on its own. Like a cold, it simply has to run its course. There are no "quick fixes", and this is something the current administration fails to realize. You don't just throw massive amounts of money into something and expect favorable results to just magically appear.
Capitalism is basically like life. It's competition. Those that compete have to do so in a viable manner. Otherwise, they wil go out of business. In other words, if you build a junk product, no one will buy it, you go out of business. Or if you competition builds much better stuff, and charges a little less, you will go under. But if your product or service is just as good, or you offer some things that some people life more than the other comany, then you are successful.
What caused the economic slump are:
1. Too much production of new homes.
2. Crooked brokers/lenders giving loans to people who can't pay them.
3. Adjustable Rate Mortgages with "run-away" interest rates.
4. The media essentially scaring people into panic in order to get ratings.
5. Deregulation of the banking industry by Bill Clinton.
All this together brewed into a disaster, and it took about 10 years for it to happen since Clinton signed the bill to deregulate banks in the late 1990's.
The Obama administration was trying for a "quick fix", and instead, all those billions of dollars have disappeared. All that money was wasted. Although his intentions were good, it was not the way to handle it.
You simply ride it out. Let the banks fail, like AIG. Government could have just broken it up to lesson the impact, nothing more. No company is too big to fail. If they fail to do what they are supposed to, then failure is simply the end result. And it's not the end of the world. As when the Dinosaurs went extinct, a new species took their place. Same here. Smaller banks that could not grow before because they were over-shadowed by the big ones would have the opportunity to do so. Voids are fillable. WaMu failed, Chase took it over.
Don't let the media make you panic. It will take some time, but the nation will recover from this recession. It has done so before. The US has had 12 recessions since the Depression IIRC, and it's recovered from all of them, and will do so again if given the chance.