the end of the beginning?

Is this just a fat bear market rally based simply on printed ponzi dollars pumping up moribund stocks? I think it will take a while longer but even McDonalds has to take a hit soon-either that or the taxpayer stops subsidising them by paying off the credit of the incompetents. Help people when they are down, but not when they are reckless- like millions here and in the US who will never pay off their easy credit, but still enjoy the mobile phone/junk food/ sky tv lifestyle. The welfare state cannot support the ongoing massed unemployment, something has to give, so credit card companies must soon take the biggest hit of all.
So when the bottom line of credit falls away there will be too much money chasing too few people yet again, so where that leads I'm not sure- 50% inflation probably. I think governments have overreacted to such an extent because they know how dire finances really are. I doubt as a non-economist that throwing trillions into the economy will do anything helpful.
I recall once, long ago whilst working a temp job in a chocolate factory, I suggested instead of working, the government just printed more money- so a whole generation could sit back and do nothing! Seems someone was listening.