It's not about buying SUV's and IPods etc, it's about much larger things than that, this is exactly what I mean. Whilst it's true that the exponential increase in technology was causing problems, the real problems were caused by institutions, not by items.
The whole problem is the fact that it IS about people not thinking of their fellow citizens, but instead, simply assuming everything they heard from the news is true and accurate, that the US is going to Hell in a Handbasket, which isn't actually true, a recession is bad, but America is far better equipped to survive it than most countries, and the fact is that people wouldn't buy those IPods and SUV's because they wouldn't have the money, so the problem would fix itself in that particular aspect. Yes, people will lose their jobs etc, but that goes on in the middle of a Boom as well, but whilst financially things are bad, I think 'being fearful' of the future is totally counter-productive especially when you compare the personal situations to the percieved national one.