No, because that is not what I have replied to. The words above are of a member of a family concerned with the family's well-being. Writing in practically every post something against this country, capitalism, free markets --- as does XERXES --- is not.
As to your statement, it is factually incorrect. It is false to say that "80% of the middle-class" is on the brink of catastrophe. We have unemployment at 10%, and it stood at 14% just thirty years ago. Nobody made any comparisons with 1929 then, and rightfully so.
If this recession FEELS as if having worse effects, it is because of (i) leftist propaganda, which seems to have gotten under your skin (where else would nonsensical numbers come from?) and (ii) low savings rate (we as a nation lived beyond hour means for over a decade by now). If one does not want to collapse from light economic wind, one saves for the rainy day. We failed to do so. There is no problem with the system; there is a problem with the culture: we've become insatiable and spooled. That's all.
You don't have to accept what I said, naturally. Given that you put forth a VERY strong statement, the onus is on YOU to justify it. In particular, you have to explain, at least to yourself, why most Americans are ont the brink of catastrophe (according to you) from ill health and loss of jobs but have never been in that position for centuries, although there was NO social security until 1930s, no unemployment benefits, no health insurance through employees)? We fought and won two World Wars, suffered through the even more tragic Civil War, and somehow doctor's bills and 10% unemployment were not catastrophic. It's for you to explain what's so perilous today.