<p>There’s no way GE was “two days from bankrupt”. The company is just too big, and reaches too far into places that don’t just directly rely on consumer purchases. Those rumors are just that: rumors.<br>
And, things will turn around. Prices will drop, inflation will drop, people will suddenly have “more” money due to decreased prices, and things will turn around. Hopefully we’ll stop importing so much stuff and try to bring those types of industries back, but we’ll see. You’re stupid if you think the economy won’t come back within the next few years, frankly. Not everyone is hit hard by this, there is a substantial amount of the population that was either in debt/low income troubles before all of this (they don’t count), and many people who are holding steady because they have solid jobs and invested wisely. Anyone who has investments in the stock market has obviously been hit, but it may not make a difference in their life. The Great Depression affected nearly everyone across the nation. The two just can’t be compared.</p>