You are far too optimistic with how wrong things can go.

The economy running smoothly is what keeps revolutions and wars from happening. The last time the wheels fell off as badly as they did over the last three months we had WWII happen within a decade. We are lucky that it is a sharp shock and it is probably recoverable, but the longer we keep this up the slower the recovery will be. And given how popular extremist ideas were even before a 25% unemployment wall it is not something I want to play with.