Obama's Depression by Other Means - Page 1 - Bill Tatro - Townhall Finance: "Having used the “D” (depression) word for what we will experience over the next few years instead of the “R” (recession) word, I’ve been inundated with emails and texts that say I’m simply out of touch with reality.
So, for everyone who disagrees with me, let me provide a clear dose of reality by revisiting the past.
Most people have an image of the 1930’s and the Great Depression as a time period of monumental job loss, vast family dislocation, widespread famine, and severe uncertainty. The typical head of household toiled daily in order to put bread on the table and keep a roof over their family’s head. New clothes were a luxury and an automobile was in many instances, way out of reach."
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