The only predicament I have about applying to grad school is that I am afraid my GPA is not very competitive. It is past the minimal requirements, but I am afraid its not enough (seeing that I've been rejected from a few schools already). My GREs are average/above average. Nothing spectacular though. I have great relationships with my professors, but it doesn't seem like recommendation letters are doing any good. Another thing is that I am already going to a university which has a good reputation, and if I go to grad school it will probably be something a little less prestigious. Given that tidbit of info -- if I get into the industry now, I may be better off than if I did down the line with a graduate degree (from a mediocre school). Plus, I may be able to get into the schools I've been rejected from within the next two years (given I have 2 years of industry experience...I hope).

I don't mean to come off as looking down on your suggestion. I'm just playing the devils advocate here. Personally, I find I can better analyze things that way.

Thanks to all of you who have replied so far, I really appreciate the help.