You need to look deeper than that. Small companies don't get to yell out, but they are hurting just as much, if not more. Large companies just get the time in the light.2. badly functioning companies/concerns calling for financial support, because of the recession? They say so, but they were shaky before. (Let them burn imo.)
The economy isn't just about consuming, it's also about producing. These things work in lockstep. The ripple effect of the financial crisis caused an abrupt drop in the demand for labor, and that caused less consumption... until equilibrium. But that cycle is what causes the contraction. It is going on, and will be going on for some time yet... probably about 2 years. That's regardless if the recession ends - it just has to be made up with replacement (a shifting of resources away from the over-heated industries to the new areas of growth).3. What is economy? It's all about consuming. Consuming, consuming, consuming. Even if there are debts right now. It couldn't possible get worse for as long as we keep consuming. Markets shift and renew. It's up to the structures to be flexible enough to go with the flow.
Yes, it could happen. Never is not a statement that should be taken seriously - the odds may be bad, but it's certainly possible. It has and will happen.But economy crashing? NEVER going to happen.
How does them taking advantage of economic downturn to pass changes that might not gain public acceptance make the economic downturn any less real?People that are 50 years or younger, will now not retire at 65, but at 67 years of age. THAT'S A 15 YEAR PLAN. How is THAT going to have an effect on the recession? It won't.
But why did they make it part of it? Because they're just abusing the situation to get ideas out and make changes.
Having said all that, so far this has been a typical recession. And I would expect it to be ending this year, towards the end of the year. That would be the 'average' recession. Markets are predicting that as well.