"A lot of bands are going out and playing for nothing. A lot of bands will go out and get paid, but the gas tank will eat up their paycheck. When they manage to sell a t-shirt or two, there is a little bit of leftover money there so that they don't have to have McDonalds that day. They can actually eat something decent with possibly a bit of cash leftover. It's a huge part of the business now."

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We're in a classic demand-shortfall recession. There aren't enough jobs because total spending is too low. Consumers won't lead the way because they're busy paying down debt and are fearful they'll lose their jobs, if they haven't already. Businesses, which are currently sitting on mountains of cash, won't spend either, because they already have sufficient capacity to produce more than people are willing to buy.

— Robert H. Frank