I agree with some of this, but the problem is that a lot of this damage is being caused because of the structural problems that were already present within our economy.
If more of the population had secure (ie: not paying a big % of their pay on rent or mortgage) accomodation then they - and we - would be better able to hold out when earning less. If people weren't holding as much personal debt then banks would be less likely to collapse when their customers all find out at the same time that they can't pay the money back. If more people had more secure, stable employment and were paying out less in transport / housing / living costs then they'd be more able (and more confident) to put money aside to support themselves in times of need, meaning that the state wouldn't need to shell out so much in benefits. If businesses hadn't been attacked by "disruptive" firms, fuelled almost entirely by speculative funds, lobbying and successive governments loading the dice against them, then they'd probably be better able to hang on during temporary disruptions like this. If the state hadn't deliberately loaded itself with debt and bills that are way over the odds for goods and services that could be done far better for far less then we probably wouldn't be experiencing the shortages we are seeing
If anyone is serious about preventing damage to the countries economy then they really have to acknowledge that it was in a state already and requires considerable reform.