I can speak from experience as I own a small business.
I get calls daily from vendors wanting to sell me items and I hear the same thing from them. They are not selling products as no one has money as the business it down.
Ripple effect isn't it?
Houses are going into foreclosure, car dealers are closing, manufactures are laying off or closing. Oh, being bought out by foriegn countrys and production being sent there.
Am I scared, you bet I am! If I close then my employee has no paycheck and cannot pay his rent.
I could pay $20.00 for 2 paper bags for food, now I pay the same amount for two plastic sacks.
Luckily, I only drive @ 4.5 miles a day so only put $20.00 worth of gas in my paid for 4 cylender car that is paid off and 9 years old.
So, are we in trouble in this great county, You bet your butt we are.
You can get your job cut tomarrow and then what are you going to do?