duodeluxe,
I completely agree. A bad economy makes everyone shape up. Unfortunately, good people will lose their jobs during this correction but I think there are many people who have been grossly overpaid due to the tight labor markets. This slow down should correct that and should bring in newer and better talent.

A capitalist economy is built on recessions and corrections. This is what it is all about. Survive the corrections and come out much stronger on the other side.

If our government keeps printing money and bailing out businesses with bad business models this recession will not be the worst we live through. Give it about 5 or 6 years and see what happens.