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Or Al Gore, who graciously accepted loss in public, then descended into a private slump, growing a beard and putting on weight before slowly finding his passion in environmental advocacy that won him a Nobel Peace Prize.
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GDP is forecast to contract by a damaging 8.1% in 2009, with private consumption slumping by 14.5% and investment declining by 8% (following double-digit falls in 2007 and 2008).
Richard Li, PCCW's chairman, has offered to take the company private following a slump in its share price.
Join Kassy's private facebook community "Slump to Success: Live Life on Your Terms".
But as the world economy slumps, private partners may be hard to find and his popularity trickier to sustain.
Although UBS is one of the world's biggest banks, with roughly $1 trillion in assets under management, its vaunted private banking business slumped badly last year.
They became overextended during the late 1980s and suffered badly when private building expenditure slumped during the subsequent recession.
This is exactly the situation in which government spending should temporarily rise to offset the slump in private spending and give the private sector time to repair its finances.
But that's the result of a slump in private spending.
It's true that after a protracted slump, the private sector usually does find reasons to start spending again.
In America an increase of 12 percentage points in the budget deficit has cushioned the slump in private spending.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com