As I noted in the other thread, many businesses have used this as an opportunity to slash labor costs and trim unnecessary costs. Many were also sitting on a ton of cash which combined with the government loans has allowed them to move along.

The question I have is--when will the high unemployment start to take its toll on the economy? Seems like the answer depends on how long unemployment benefits are allowed to continue. And a number of industries are counting on additional government support to make it through the rest of the year. My bet is that nothing is allowed to fall apart until after the November election.