I do think the media is overly doom and gloom. This leads to a crisis in confidence which is aggravating the situation. 1929 all over again.
Since I lost my job, I just filed for unemployment and cut back on bills like cable TV and going out. Various projects are on hold and I now have time to sell some spare computers I have here.
I have some money saved but that won't last forever. Thanks GWB for bankrupting our economy. I think we will have a recovery for a few years then be even worse when the bills come due for the two wars he started.