In my opinion, it is a mistake to believe that the bankruptcy of America was an accident. It was nothing of the kind. The whole point of the last 30 years in American politics has been to undo the welfare state that history brought us, to destroy the unions, and to "make the government small enough to drown it in the bathtub" as one right-wing wag has put it many times.
People should begin to analyze this crisis according to when it happened and who had the power. It began under Reagan who ran up a national debt that was almost inconceivable at that time. You may remember that he based his economic theory on"trickle down" economics. If you make the rich richer, they will spread the wealth.
Of course, that didn't happen. But, as much as he criticized the "welfare queens" and the "greedy unions" those people did not in those days hold power in Washington.
Reagan managed to maneuver a slash in the "revenue sharing" program begun in earlier times, and this caused a serious hurt to a lot of states and localities who were required to find new sources of revenue or cut programs, like road repair.
Then came G.W. Bush with his tax cuts that brought the country to the edge of bankruptcy. And when times got difficult, whom did he choose to favor? The wealthy interests that brought him to power, the wealthy interests that controlled the Congress (through legal bribery). Hence, the "Wall Street bailout" which most Republicans now blame on Obama who chose to fight for it.
Never forget that they will serve themselves who control the government. And right now, that is none of us.