Despite all the complex financial hyperbole around the current recession, it’s actually fairly simple to understand at it’s roots… If you’ll allow me an ‘average Joe’ explanation: The U.S. is adrift in a sea of $35 trillion in debt, according to Bloomberg Businessweek Magazine. Many people are in debt because they bought more stuff than they could afford. A lot of this was lubricated by easy credit. (For instance, the average American household now runs on 12 credit cards.) How did all this domino? Because of being so over-extended now, people can’t afford to buy as much stuff anymore. Because they can’t afford to buy as much stuff anymore, businesses aren’t making as much profit anymore. Because businesses aren’t making as much profit anymore, a lot of people have been laid off. We now have a whopping 14.6 million Americans who are unemployed. Note: Over the weekend, I was in Roswell, Georgia. A banner downtown read: “No Government Bailout Here, Support Your Downtown Merchants”… One of those downtown stores is named: Outspokin’ Bicycle. Get it? Outspokin’. Took me a minute, too.