We Are Not In A Recession....... It is a Depression

[Parche]

This whole situation is depressing

Bush fuked up the whole world in 8years......



The cause.....Bush's scare tactics
10Billion a month to Iraq
Oil speculators that drove prices sky high, caused the economy to tank
inflated house prices
and more......

[JohnnyRingo]

1. Here's one of my favorite charts that shows the depth of the problem

I'll add that I think you're right, of course

[hootinholler]

5. That's a great graphic!

stolen!

-Hoot

[nc4bo]

12. Ditto what hootnholler just said. nt

[maxsolomon]

2. reaganite de-regualtion & deliberate neglect of remaining oversight tools

and it was worldwide in the financial "industry". iceland, england, etc...

bush's wars & deficits certainly removed any cushion the economy may have built up.

but really, the fault lies with low income home buyers. :sarcasm:

[ComtesseDeSpair]

3. Nah, it all started with Reagan Hood...

"Steal from the poor and give to the rich!"

[blindpig]

4. You're right, but...

Ya can't just blame it on Bush, though if ya do ya hafta blame it on all of the presidents, they are all stooges of the capitalist system.

At the end of the day the blame can be laid at the door of the pursuit of ever increasing profits for the capitalists.

[truedelphi]

14. Sad but true.

Clinton should have had the balls to NOT sign the 1999 Banking Reform Act.

[blues90]

6. It;s one enormous sink hole now.

I personally don't see how we will ever get out of this and I can't find one way to compare this to the great depression , not they way this world has changed since that time.

[earth mom]

7. No, this started back when Reagan was in office.

I really don't see things getting better either-not when the corporations still control the United States.

Obama has done nothing to stop them either.

[galileoreloaded]

8. There is a song from Smokey and the Bandit.....

something about a long way to go and a short time to get there.....

[kentuck]

9. My gut feeling is that we cannot yet see the end..

And the Republicans are spending all of their tiny remaining political capital on blaming everything on Barack Obama.

[CJPR]

10. Right-Wing Wrecking Crew

The Stimulus Plan is a great plan for America and will help save our economy from the brink of destruction. Obama's new plan to bail out homeowners is also outstanding and is very necessary. Yet Right-Wing Talk Radio keeps railing against Obama's programs, and the GOP in Congress has been virtually unanimous in its opposition. Conservatives have not only wrecked our country during the past 8 years when they were in power, but they are doing their best to stop anyone from rescuing our economy now, and are doing all they can to perpetuate the wreckage.

Please visit my Blog: "Conservatives Are America's Real Terrorists"
http://conservativesarecommunistss.blogspot.com/

[damntexdem]

11. WWI was called the Great War until WWII came along.

The Great Depression's name may well change soon, too.

[Veritas_et_Aequitas]

13. I don't think Depression fully conveys what we're going through.

I prefer clusterfuck.

[GiveMeFreedom]

15. Ah! Yes!

A Major Cluster-Fuck. Pitchforks and Torches will be available 4th quarter 2009.

[tavalon]

16. It's not just a depression, it's the Bush Depression

[blindpig]

17. not really

Blaming bush for the whole fiasco deflects blame from the true culprit, the business cycle. Boom & Bust cycles are an endemic feature of capitalism. Sure, bush, or Clinton or the previous Bush might have enacted policies which might have ameliorated the situation but couldn't do anything large enough that would prevented our current situation cause it wouldn't be capitalism by then. The Owners ain't gonna let that happen, witness how Obama dances to the banker's tune.