As my accounting professor so kindly pointed out...

Right now our unemployment is the highest it has been since the 90's. My accounting professor, the other day, pointed out an obvious truth. There is a lot of debate about weather or not the government should help bail out the automotive companies that are in trouble right now. Now, it is understandable that there is obvious frustration as to why people would not want a bail out...the notion of free market. But consider the weight of the number of people that are part of the automotive industry. It is estimated that 1 in 10 people in America have some sort of job-related work in the automotive industry. If those people were to loose their jobs, more people in related fields of car production would also loose their jobs. Car dealers would then go bankrupt, retail, advertising, and so many other fields would feel the pain of a collapsed automotive industry. It would be a domino effect that would in turn put millions of Americans out of work. Add that to the current unemployment rate and you are looking at about 15% of Americans out of work, no longer a recession, but a depression.