I see hiring freeze's happening, but as far as lay-offs, I see it more as a "white collar" recession.

Just another step in the process to wipe out the American dream where people could advance and take steps up the ladder.

Communism leads to most everybody living in the "company town" where all of your needs are taken care of, but everybody is broke with no hope to move out or up.

The sad part is it looks like many are buying in to that thought. Good luck with that. I hope you realize that the only way out of that is to fight your way out.