Ignorance is Bliss, Part II

This will be a relatively short post because I think most outcomes will become clear over time and that, as of right now, a lot of opinions are basically based on opinion.

So here's mine, formed off of facts.

Alberta gas prices are lowering at alarming rates, and everybody is understandably happy about it. After hitting a record 1.40$/L, we are now down to 0.84$/L. More money in our pockets, nobody's going to complain!
But are reprocussions truly understood?

1. Yes it means more money in our pockets, it also points to our rapidly deteriorating economic state!

2. The Alberta government is estimating around 6.4 BILLION$ less revenue than what was originally expected. Everybody knows Alberta is a rich province. However, we have relied so heavily on the oil industry over the years that we are in no way prepared to handle this incredible monitary blow!
The 6.4 billion dollar loss was unexpected, hence being 6.4 billion dollars below the expected revenue. Which, by the way, was still lower than last year because the economy was sliding. The government knew the economy has been falling, what they did not understand was how fast.

3. This may seem less relative, but I still found it interesting and indicative of our failing economy. Ford, GM, and Chrysler (the three biggest American auto dealers) are asking the U.S. government to intervene economically. It is estimated that unless the American government is able to supply enough money, these companies will have to lay off a total of 300,000 employees. This, along with the fact that these companies are required to strive for more economically friendly vehicles that are just not selling, is going to cause the price of vehicles to skyrocket over the next couple of years!
This point is a fact, but I have been critisized for presenting them. So here's my rebuttle:
None of the big three are going under; ALL are having major issues. Yes they've been having issues over the past 30 years, no they are not the same problems as they are now. NOW they are directly due to the recession. The big three lost an incredible amount of money through stocks and can no longer afford to pay the necessary, and once affordable high wages. Which results in 300,000 lay-offs. If you can prove to me that there were this many lay-offs yearly over the past thirty years, be my guest.
We don't have to spend more on an economic vehicle. But, for example, an economically friendly Yaris will cost more in 2 years than it costs now. And yes, they aren't more expensive for the companies to make. We're they're losing their money is in sales. Hybrids don't sell as much as Hummers. Simple fact.
Insurance prices are going to skyrocket as the price of cars go up. The more you pay for a car, the higher the insurance. That's not a debateable fact.

Everybody needs to start denying ignorance! Am I being cynical? Probably. But I think it's reasonable to be cynical after the Bush administration destroyed our world (Harper seemed to help just enough).
Look around everybody, listen to the News once every now and then, read a newspaper. Thousands upon thousands of layoffs are happening all over the place. I don't remember which company it is, but they just laid off 75,000 people. Stop denying an obvious recession.

Is saving money on gas worth paying thousands of dollars more for a vehicle, causing insurance, in turn, to skyrocket?

Should the liberty of the free-market enterprise be pushed to the side, allowing governments to step in until no longer necessary?

I'd like to hear your comments on our failing economy and the previously mentioned issues.

Kudos to mankind, we have failed.