Great points!
The stock markets would begin to go up again. However, I doubt it would change the long term perspective of business. It's not hard to see higher taxes, more regulation, less control in hiring and firing all of which adds up to capital sitting on the sidelines.
Your points are all valid in a country ruled by 'class envy', which seems to be where our Department of Education and NEA have brung us. The country may also note eventually tho' that the Party of 'class envy' hasn't changed its message for 60+ years...resulting in 'The One'. If the country eventually comes to the conclusion that 'class envy' and cult following is the problem, not capitalism, that would be heartwarming, wouldn't it! That one sign at a Tea Party was encouraging..."Obama, Socialism Failed, Get Over It". There are many people out there that do understand, and we can 'hope' that common sense prevails in the end!
You're view of a 'change' worthy of repair hits the nail on the head. Jack Welch gave a great presentation about 20 years ago, on the "long term perspective of business", that CEOs were responsible for the strategies of an organization while tactics were the job of management. He clarified that concept this week, pointing out that the perceived 'quarterly' perspective of CEOs is responsible for many of the convoluted problems we now are witnessing! It's my 'hope' the repair comes sooner than later. Some key Obama phrases yesterday helped prop the market: 'magic', 'help small business', etc. And Larry Summer clearly came out as 'pro-growth', not anti-capitalist! Our one 'hope' remains that the federal gov't rein in its wishes to something more affordable, not the current strategy killers, in the long run.