Follow this link to the New York Times story on how Sweden solved a crisis in 1992 that is similar to the U.S. financial crisis of today.
The New York Times describes Prime MinisterCarl Bildt as head of a conservative government. Having vsisited Sweden in the late 1980s, I would have to guess that any conservative Swedish government would be far to the left of our Democratic party.
In any case, the article shows that we do not have to reinvent the wheel in our situation. Many countries have been through this before. Many different paths out of the mess have been tried. Some paths worked better than others. Which politicians do you suppose are aware of these alternatives and how they worked out? Who is more likely to read the New York Times, McCain or Obama?