Don't stick around to fly that POS. There are plenty of regionals hiring right now - Republic (that would be my choice - nice E175s), Pinnacle, Mesaba (can't find enough pilots!), Colgan (might get on the new Dash Q400), Lynx (Frontier's new regional out of DEN), COEX (great choice if you can reapply) and many others. Check out www.airlinepilotcentral.com and look under the airline tab (regionals) for all of the contact information.

Don't sit around. Some newbies are getting hired into jet equipment with 500 hours total (500/100 multi). You need to focus on getting the experience needed to attract fractionals and majors eventually. Get some good regional jet time - that would be my focus in your situation. Try for Republic and COEX first in my opinion - those would be great operators and you would get some marketable experience.

Good luck