Just this morning I was telling Bobby that I thought Bush really should address the public, but not just to say that this would take awhile.
The government can't just take care of this crisis alone, it will require a great many people and companies reinvesting and working hard. Yes, the government working on a macro scale to work the credit markets back open will be a huge help, but the economy is not just an emotionless machine that will chug right back into motion. It is made up of millions of people and all of their thoughts and emotions that affect millions of decisions every day.
In times of crisis, people look to their leaders. Whether you like or dislike Bush doesn't matter, he is still the president, and what he says can affect people. If instead of saying "Don't worry, we'll take care of it, just give us some time," what if Bush had come out with a call to action? Tell the American people what we can take to help put us on the path to economic recovery, and end the downward spiral the panic has created. If it were one of the candidates rather than Bush, wouldn't a show of actual leadership be more impressive than the politicing we've seen lately?
The American people, when faced with a common goal and directed by a strong leader, can work together pretty well. Stop the divisive name-calling and blame-laying, figure out what steps can be taken by whom to combat this problem, and tell those people what they need to do.