Friday, December 5, 2008

Shall we Call it a Depression Now?

Robert Reich thinks that the meltdown we are experiencing now should be called a depression. We are falling off a cliff, in the last 3 months over 1.2 Million people lost their jobs.Yet, last August,the Deceiver in Chief was still claiming: " The fundamentals of the US economy are strong". He barely started using the word recession a few weeks ago.

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