The economy has crashed and recovered in the past without government subsidies. If there were better market-based discipline (i.e., appallingly poor business decisions were punished by companies ceasing to exist or losing tons of money), then businesspeople might be a little more careful. Where are the incentives to adapt if you know that the government will bail you out if you screw up big time?Err... no. It seems obvious that the economy wouldn't recover without government subsidies. Do you think otherwise?