So When Does The Media Say WE are In Depression

[rsmith6621]

The MSM is doing a great job skirting around calling what we are in what it is....so when do we call the situation we are in now what it is....A DEPRESSION.

[NNN0LHI]

1. They won't even admit to being in a recession

[jimshoes]

2. As soon as it's "offically" President Obama's

fault, Jaqnuary 21, 2009. 8:00 am sharp.

[shadowknows69]

3. When they finally start losing all their jobs too

Last news anchor to be fired please turn out the studio lights.

[annarbor]

7. Took with words right out of my mouth!

When they start feeling the pinch, then we'll start hearing about what a horrible condition the economy is in.

Ann Arbor

[IsItJustMe]

4. Other. When Two of the three American auto makers goes down. Then we will actually experience

first hand the devastating consequences and ripple effects through out our economy.

[Ezlivin]

5. "Loose" the golden parachutes

Let them fly...

[RichardRay]

6. Other

Unemployment needs to go up by a factor of four or five - at least 25%, probably 30%.

Banks that go down take their depositors money with them - hundreds of banks at a time, billions of dollars at a time.

GNP drops by 1/3 or more.

The federal government completely ignores the problem and actually makes decisions to exacerbate the problem.

Etc., etc.

Yes, we're in a recession, a really bad recession, but we're still a ways away from the reality of a depression. Go find someone who lived through the last one and ask them what it was like.