It's funny hearing people say that they didn't think this would happen to THQ. America as an entity is in worse shape htan THQ. Our debt situation is dire. We borrow half of what we spend. Our government just passed a MASSIVE new entitlement that will compound both our short and long term financial problems. And we re-elected the guy that got us to this point. We re-elected the guy who is doing exactly nothing to fix the problem. America is headed for a financial collapse MUCH worse than the Great Depression. President obama's plans to fix the crisis are worse than THQs UDraw solution. The reason tax revenue is so low is because employment is so low. The reason government expenditures are so high right now is because unemployment benefits are being paid out in record numbers. Obama's solution to these problems? Raise taxes on the very people you need to create jobs. As someone who owns a business, this is EXACTLY the wrong thing to do. High taxes make it not just difficult to hire more employees, they make it IMPOSSIBLE. For me, my inventory is counted as an asset. That means that if I invest more money in inventory, I still pay roughly 50 percent on the money I've invested in inventory growth. The net effect is that taxing my efforts to grow my business at 50 percent slows my growth to a trickle. In the eyes of the government I'm an evil one percenter. In reality, I pay myself about 40 grand per year. That 40 grand is taxed at the high rate too, so what I bring home to my family in real dollars is much less than that. Our tax code is the dumbest it could be, and Obama and his business ignorant politicians are the reason you can't find a job, your wages are stagnant, your work benefits are being cut. It's VERY simple math. So was THQs math. It was obvious to me they were DOOMED several years ago. Their only hope was a MASSIVE call of duty style blockbuster. Ie insert gambling metaphor.
Dont even get me started on THQ's bloated defence budget.