Disclaimer: I am not an economist. This is just an observation from someone who reads (and thinks) too much. It seems to me we've gone from unbridled euphoria to despair - economically that is.
During the years of "mania" we were witness to carefree economic standards, boorish behaviour, over-optimism and just plain reckless acts with no regard for the consequences.
No more. The economy and the American people are now facing the inevitable "depressive" stage of this illness. Bleakness, pessimism (sometimes unwarranted, but sometimes warranted), feelings of worthlessness, and a feeling that our best times are all behind us.
I'm not a psychiatrist either, but it seems to me the American people need to know that any decisions our new President and Congress make will be made with cohesiveness, fairness and stability. They need to restore public confidence in our government and particularly in our Treasury.
And it shouldn't take billions or even trillions of dollars to accomplish this.
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