After watching a Global company that I work for GE (which has the deepest pockets worldwide only 2nd to Walmart)decide to lay off some people at my company that has been tops in the commercial real estate business here in So Cal for over a decade, I think we've become far too consumed with money in the sense that we just need to make more and more whatever the cost.
Im seeing companies such as my own, Sprint, Circuit City, etc.. lay off thousands and thousands of good workers and damaging their livelyhoods, in the hope of saving a few dollars or investments of a few when in realty the employees aren't killing the company.
Im not seeing anyone stand up and make the decision to ride it out, because that's exactly what its going to take anyhow. Putting more consumers out by the thousands unemployed, unable to spend, and unable to make a living is far from the most prudent thing to do in an ailing economic situation.
My company went through a tough time before when real estate began to to affect alot of companies but they stuck to it and was able to sell the company years later for over 5 billion dollars.
The decisions I see being made just lacks real leadership in tough times and it seems those able to handle the strain are the ones throwing others to the sharks to save face.
When we decide to stick together is when things will come together.