Will We Save Our Economy In Time?

We all know that our economy is falling rapidly. It seems that jobs are elliminating, and it is greatly effecting our unemployment rate. Not only that, but people are shopping less and less. Not to mention people are trying to make the gasoline in their engines stretch farther and farther. Money is not being spread through out our country nearly as much as it use to be. Not to mention plenty of businesses are being effected by this economy drop. There isn't much money to be made these days. If no one wants to spend, then no one can make money. It's a neverending circle of a problem. Now do we think it is possible for Obama to make the necessary changes we need to bring this economy crisis to dead stop? We need it fixed pronto. Is it possible that we are nearing another great depression? According to Paul Krugman, he wrote in his article This Looks Like the Start of a Second Great Depression, "Milton Friedman, in particular, persuaded many economists that the Federal Reserve could have stopped the Depression in its tracks simply by providing banks with more liquidity, which would have prevented a sharp fall in the money supply." So with this in mind are we in agreement with the bailouts that have going on with the larger companys? I for one am. I completely agree. Whatever it takes. Let us hope that whatever plan Obama has for us goes into affect quickly, and that it cures our economy problems before it is too late.