Are you considering "quitting" after Google panda update?

I'm considering quitting. I wrote very high quality articles on a PERSONAL domain that is 11 years old. Usually they were 600 words minimum, and a daily update & comments section. I did put up fresh content 5 times a week writing a 600 word article in the same theme of my website on a daily workday basis. These articles contained an excellent amount of variation, were not spun, and had absolutely no punctuation or spelling errors. All original, all fresh.

I was making around $500 a month on adsense monthly. I had an approx 10% (click).

After the Google Panda update on the 13-14th of October, my visits sank dramatically. I lost approximately 66% of my traffic.

I also somehow lost my click ratio which does not make any sense. Traffic can die down but you'd expect the click ratio to remain. Also the clicks are paying SQUAT now.

So my $17 dollar days on average just made .70 cents yesterday for the entire day. Today at 8:00am, I am already up to .71 cents.

Either I'm going crazy or Google is becoming a POS way to make money online and has gone the way of Ehow. (Another place I was making $600 a month until they took a dump on all their writers).

Google's +1 system is an absolute joke and will never compete with the social dynamic of Facebook's like. What a waste of time.

Even their search terms have gone to crap. Some of my articles contained some helpful information for people to find resources in their cities to get faster approval for SNAP benefits. (The new word for food stamps). Well guess who out ranks me now if somebody wants to feed their family who just lost their job??? - Snap-on tools. LOL!

Freaking Snap-on tools outranks for people wanting to get on the SNAP food stamp system.

Google has gone to crap. Take it from somebody who has for many years made $500+ a month. No, I'm not a $10,000 a month expert, but $500+ at least shows I knew something about SEO, keyword placement, site building etc.

All the suggestions I'm reading are leaving me with a WTF attitude, because I had all those. Quality, unique content, no spinning at all, excellent grammar, excellent spelling, no dead links, and all was working fine until Panda. Now people who just lost their jobs will be able to feed themselves with screwdrivers and wrenches, because they won't find me when ranked on page 2.

In my opinion, Google was STUPID as hell for this move. They are going to lose a ton of money on adsense and HURT other companies who were advertising through adsense. For instance, the discount grocers that put ads for the SNAP pages I made, won't be advertised on Snap-on tools (and Snap-on tools doesn't even use adsense anyway).

I've waited for 2+ weeks now to see if things would go back to normal and nothing has. They just shot themselves in the foot BAD. I bet others here can testify that their top ranked sites that are now low don't even contain adsense ads. Hurts advertisers and people who place ads both.

In time Google if they keep this crap up will also hurt their popularity as a search engine because when you go desperately looking for SNAP benefits and you find snap-on tools it sucks.

I'm thinking of throwing in the towel for e-commerce. The most reliable thing I have found was selling an e-book on a topic you are an expert on, and having a top level domain well advertised with no competition.

I was once a $1500 a month from online earnings, since ehow & adsense, I'm down to $200 a month.

Pick up and move on? - yeah, my attitude is for a real job! LOL!

Anybody else feel the same way?