With the Bailout Plan still in congressional limbo, the United States economy is in dire straights.

That’s not to imply that the $700 billion Hail Mary pass in the proverbial dark would actually fix the economy, but something must be done. As long as the government does nothing, everyone – not just the fat cats in Wall Street – will suffer.

The cancellation of Harvard Business School’s Predators’ Ball, an annual event where members network to secure investment opportunities, yesterday is a testament to this fact, as the economic downturn in clearly starting to spill over into sectors outside of Wall Street.

Sure – the Business School is intrinsically connected with the financial world, but this is just the beginning. Before you know it, the entertainment industry will suffer, beer prices will skyrocket and tailgating will become a thing of the past.

Oh, the horror! If Harvard graduates are already feeling the economic crunch, we’re doomed.