What do we need to do to save our economy?

What do we need to do to save our economy? First of all, Mr. President, Mr. Geithner, You need to come out and give the public some reassurance. That's all the market wants right now; Lie to us if you have to but tell us its all going to be alright. This is not the time to be honest, for god's sake you people are politicians...you should know better!
But seriously the major problem with our economy is that home prices have fallen through the floor and there is no bottom in sight. There need to be a bottom in the housing market before any recovery can take place, plain and simple. OK so now you dropped the ball on the $15,000 tax credit for first time home buyers, not too bright, but at least you are trying with this new mortgage subsidy plan. I am unsure how this plan is going to work properly, why would people who are current on the mortgages continue to pay? Where is there incentive?
Look politicians you have 2 options, neither of which are attractive:
1. Nationalise the banks and eat the losses from foolish bets by greedy men. This seems like a good idea at first glance because it would keep people in their homes, however, we would have a revolution in this country if it actually took place. Nationalisation is the first step towards communism. Its a slippery slope that ends up with the goevernments hands in everything that we do. I find it hard to believe that, even though this may be the lesser of two evils, would actually happen.
2. Let capitalism run its course, let the foolish banks who gave loans to people who could never in a million years repay them, go under. Wipe out all the shareholders, hold them just as much accountable for not doing research in the bank which with they were investing. And let many Americans get evicted from their homes and have their credit rating destroyed. It is not a pretty choice but if we believe in capitalism, it is the choice that the government must make. Social Darwinism at its finest.
I don't, realistically, see any other option here. Nothing else seems to make sense. Barring some sort of miracle I see the American economy to be in big trouble for the forseeable future. I wish it weren't so but we dug ourselves into one heck of a hole and it will take some time to get out of it.

Financial Bailout/General Complaints

How frustrating is this administration for the stock market. Last night Obama comes out and tells us nothing about the future of our economy other than "we need to creat 4 million jobs". His big talking point was about Iran, now no one in America cares about Iran today, people just want to hear about domestic issues for the time being and believe you me there is plenty to discuss.
Now as for Tim Geithner, first of all this man is essentially a crook, he cheated on his taxes, as soon as he was nominated he "realized" it and paid them off... looks at least a little suspicious to me. But anyways, my real complaint about him is that today there is a big press conference and we are going to be rolling out the plans to save our financial institutions....and guess what? He didn't tell us anything new, we have no in depth plans for how the banks are going to be saved. And now we are seeing this reflected in the stock market.
I must say I thought the Obama administration was going to be bad for the stock market long term, not because they weren't going to throw money at it, lord knows, to quote Obama, "he's all ginned up to spend taxpayer money." No we thought he would be bad because of his false impression that helping the poor directly helps the economy in the long term. this is the equivalent of giving a man a fish. We need to have tax breaks for the rich because the trickle down theory of economic does work. As soon as Americans realized Obama was going to be president, and trust me people knew about it in the summer (at least those of us with half a brain did; a giraffe could've beaten a republican candidate this year), the market really started to turn downward. OK we can't blame it all on Obama, but him coming in guns blazing with talks about raising the capital gains tax certainly didn't helop things any.
Obama and Administration hear me:
Tell the public something good, tell them in a clear and precise manner exactly what we will be doing to save our financial industry, as an investor I need to know before I am able to (accurately) decide what I should do with my money