
Failing companies used credit to delay collapsing.
Credit companies faked solvency with investment before collapsing.
The investment firms got money from the government before collapsing.
The government, well, we've redefined the Mad Max series as educational films. We now owe both the Chinese and the future several trillion dollars, and if we've learned anything from the movies it's that both could kick our asses - and want to.
This can be entirely traced to plastic crap like Billy The Singing Sea-Bass: we spent all our money on them, China had to make them, and the future keeps digging the unkillably unbiodegradable things up, and now they all want us gone.
During a recession staple goods survive while luxuries are sacrificed. As a food provider or medicine provider you would be fine; as internet comedy writers we'll be banging on the barbed wire fence begging to be let in.
Cracked Talk on | Recession
Ironically the Bank Bailout will be the only part of the economic stimulus/bailouts to actually make money in the long term... but don't worry, we've given all that profit to be to the car industry to fart away.
funny...but you're missing key players in the current recession such as the fed, goldnut sachs, the credit crunch and the bailout.
First person to tell me the deadline for the US to pay off the national debt gets a sticker. And a really cool sticker, too. Probably with a unicorn or dragon or something.
2012, haven't you seen the commercials about what will happen then?