An all-purpose excuse that people use during a recession to justify doing things that are below their usual standard. Often these things in reality have little or nothing to do with the economic circumstances.
Harry: "You took your girlfriend to Applebee's on Valentine's Day? Pretty weak."
Larry: "Whatever man, I didn't have a choice. Bad economy."

Senator: "Mr. Paulson, you really want to give the greedy, soulless bankers who caused this mess $700 billion with no strings attached?"
Henry Paulson: "Hey guys, bad economy. Just do it."
Senator: "Good point. I vote yes."

Fred: "Dude, tell me you didn't go home with that broke down 300-pound whale I saw you with at O'Shea's last night."
Brendan: "Dude, it's a bad economy. I'll take what I can get."
Fred: "Yeah, I guess you have to."
by Nicholas D March 15, 2009
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