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Unformatted text preview: are lost. When more jobs are lost, the economy continues its downward spiral into recession. The deeper we fall into recession, the more action the government has to take. When the government has to take more action, it means individuals and businesses alike may lose some of their independence because the government has to make sure events that cause bankruptcy and all of its ripple effects don’t happen again. Basically corporations going out of business and filing for chapter eleven create a lot of problems for all of us. They create a number of aftershock effects that trickle down and effect all of us including the businesses around us. It seems as if every day another few businesses are going out of business or filing chapter eleven or their about to. Further proof that a major flaw in the U.S. economy is that everything is so intertwined with each other that anything can affect everything and vice versa....
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- Bankruptcy, Chicago Tribune, Tribune Company, Los Angeles Times, Chicago Cubs