Tonight, Jon Stewart had some fun with Vice President Joe Biden and the fact that Biden had promised that this would be the "summer of recovery" when it came to America's economy. Well, that didn't quite work out. Video inside.

Looking to kickstart its struggling economy, Cuba announced it will terminate 1 million state jobs in the near future. Perhaps Fidel now remembers telling The Atlantic's Jeffrey Goldberg, "The Cuban model doesn't even work for us anymore." Or maybe not.

How bad is the economy? So bad that even the usually-booming "things you can kill other people with" sector is doing badly. According to a recent report, the value of worldwide arms deals in 2009 dropped 8.5 percent from 2008.

Economist (and frequent Daily Show guest) Austan Goolsbee will be named chairman of the Council of Economic Advisers.

Barack Obama gave a solid speech in Ohio today, attacking Republican policies and obstructionism, and outlining several new economic initiatives. Reporters are giddy over his new tone of "populism," which is... what, exactly?

America's most famous mosque-lovers, Barack Obama and Michael Bloomberg, played golf on Martha's Vineyard today! The White House adds that they spent 15 minutes talking about the economy. It took them that long to say "It sucks"?

Thanks to artificially low prices, helium reserves could be entirely depleted in 100 years—jeopardizing the space and nuclear industries, which use the element for crucial components and processes. That squeaky voice isn't so funny anymore, is it?

Looking for a new jiggity job? Legendary rappers Das EFX are apparently looking for a new miggity manager on criggity Craigslist New York (Location: Midtown). You can iggity email rapper Dray at his higgity Hotmail account directly.

Remember back when the economy really sucked? Surprise! It still does.

Delightfully insane congresswoman Michele Bachmann has found more incontrovertible proof that Barack Obama is the Worst President of All Time: he is creating a so-called "global economy" where countries are "bound" to each other, economically. Who will stop this madman?

On Thursday, 40 Senate Republicans and one Democrat (Ben Nelson, of course) successfully filibustered a cautious attempt at extending widely agreed-upon tax cuts and necessary unemployment benefits. This, despite having voted to extend similar tax cuts for years. What gives?

This oil spill thing has people heated! And BP CEO Tony Hayward… what a dickhead. Oh, but remember Goldman Sachs? That filthy rich, monolithic investment banking monster that basically destroyed the global economy? Yeah. Who do you hate more?

Did pornography cause the recession? According to the AP, the answer is: Probably! Over the last five years, the SEC has conducted 33 separate probes into "employees looking at explicit images"—explicit porno images. Let the "SEC/SEX" jokes begin!

Watching Ty Pennington smash old walls and slap coats of lacquer on new home bowling lanes for struggling families was heartwarming. And the family who got to live in a castle… a real fairytale ending! Then the economy crashed.

The top 25 hedge fund managers pulled in a total of $25 billion in 2009, according to Absolute Return+Alpha. That's a record. It's good to know that the economy has recovered and we're firing on all cylinders again.

In the face of the recession, Americans saved more money and stopped borrowing. Meanwhile, stock prices started rising. All this gave households the highest amount of wealth they've had in two years. Let's go shopping! [WSJ]

Experts agree: New York's own personal recession will continue. For how long remains mystery.

The Sunday Styles finally went to Fashion Meets Finance, an event where Manhattan banker-types and fashion slaves meet, consummate, and procreate certain genetics to create lineages of people you'd rather not know. Their findings are, while nothing new, nonetheless awesome.

Tina Brown's keeping plenty busy these days, both feeling out the pain of the hoi polloi - but especially of those old media people she intends on stomping out - while failing to slide her kid into Harvard with connections.

It's a good thing this epic recession is an opportunity to "reset" our culture, as Kurt Andersen tells us, or slough off the chains of corporatism, as per Douglas Rushkoff. Otherwise it would really suck for all the unemployed people.