"So people have been hurting and I understand that. And it doesn't give them comfort or solace for me to tell them, you know, but for me, we would be in a worldwide depression"

Harry Reid is expressing his understanding of the pain and suffering that people are going through due to the present economic crisis. He is acknowledging that it is tough for him to tell individuals that, regardless of the existing situation, the world would remain in an even worse state if it weren't for the procedures required to prevent an anxiety. He is trying to supply comfort and solace to those who are having a hard time, while also emphasizing the significance of the steps required to avoid an anxiety. He is likewise emphasizing the need for people to stay confident and to continue to interact to get through this challenging time. He is attempting to offer a sense of hope and optimism in the face of adversity.