Biden Says “It’s a Depression For Millions of Americans”
http://www.nakedcapitalism.com/2009/10/gue...-americans.html

Posted: 20 Oct 2009 09:46 PM PDT

George Washington of Washington’s Blog.

Joe Biden said yesterday:

My grandpop used to say … “When the guy in Minooka’s out of work, it’s an economic slowdown. When your brother- in-law’s out of work, it’s a recession. When you’re out of work, it’s a depression.”

[Asked how he views it, Biden responded:] Well, it’s a depression. It’s a depression for millions of Americans, through no fault of their own.

Before you decide whether Joe is just shooting his mouth off or he’s onto something, read

Has the Government Sowed the Seeds for Green Shoots or Another Depression?
http://www.washingtonsblog.com/2009/10/has...-for-green.html

U.S. Suffering Permanent Destruction of Jobs
http://www.washingtonsblog.com/2009/10/us-...ruction-of.html

The Rising Tide of Unemployment in America: How Bad Will It Get, And What Can We Do?
http://www.washingtonsblog.com/2007/08/unemployment.html