Basically, yeah, Economics 101 is it cycles up and down and will do so no matter what the feds do. However, with the money grabbers in the mortage and housing markets caused so much harm this down cycle is a lot worse. Now we have to somehow stop the downward turn, although a major portion of the population is not in bad shape the number that are causes the media to push those stories, when have we ever seen the media not push the bad parts of things. That in itself will cause to get concerned and start saving, which is good but will cause the recovery to be slower.
Just look at all the BS they have people believing about global warming thanks to manbearpig (Al Gore)