And yes. There have been economists that have been predicting this..I have been studying accountancy for the past four years and trust me, I have had my business school professors bringing in articles about an impeding recession for over a year now.

Anyways, its not about who said what anymore, its about where we ARE and where we are going. We need to stop bailing out these bastards on wall street that are just selfishly taking our tax dollars and pocketing them. In my opinion, that’s stealing. Why aren’t we as a country doing anything??? ISn’t that what America is about and what our forefathers fought for??

Things are always much worse than they seem. But that’s only cuz sometimes the government needs to lie in order to keep the country running.

Also, using the hurricane and terrorist attacks as argument points is not quite valid since those were uncontrollable incidents at the time. However, the media has warned of the recent hurricanes aforehand – it’s the people who are at fault for not listening.

Also, you can’t know where you are now until you’ve studied your past. Thinking that historical events do not pertain to our situation now is completely ignorant. Many economists have predicted that this recession was coming. Most just hoped (at least, publicly) that we’d be on the rise again before we hit rock bottom – not going to happen. But, ultimately, no one was pretending that the economy was good. It was pretty obvious from the droughts and famine around the world and the continued rise of oil prices that the economy was on the downfall.

I’m sorry to hear your company may be filing a ch. 11. It’s sad times now, and I wish you the best luck.