On the Financial Crisis

Since the US of A is experiencing a financial crisis it is inevitable that where I reside would not be affected. So how does my company react to this situation? FREEZE ALL INCREMENTS PLANNED IN JANNUARY 2009!

Wtf!
But wait, there is hope:

We will remain vigilant and will continue to review the situation throughout the year, and will do the increments as soon as the situation permits. I have asked the People/HR teams to continue the years annual performance review and promotion process planned in December-January, as we will use these for increments as and when they happen in 2009.

What the hell?!? More responsibilities but same pay! Who are you kidding?!? Pa-asa!