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Reliable sources tell me

They called it a recession during the great depression. It wasn't called the Great Depression until History wrote about it, and i think they will write about our current recession the same way. I believe we lost far more in this recession than the last, the difference is we have more people at home and not at war.

Our government has shifted to the nanny state and most people are "disabled" there was no support to be lazy back then from the government.

I think we are worse of now(in terms of economic recovery) and they will call this the 2nd great depression.

Decline is more accurate

Phase 1 – Growth
Phase 2 – Maturation
Phase 3 – Decline and/or Failure

John Andrews of the Centennial Institute researched country life cycles and found that modern day governments survive for about 250-300 years. His book: Responsibility Reborn. http://johnandrews.denalipress.com/the-book/topic-overviews/

Here is David Redick on the Phases of Empire: http://www.activistpost.com/2010/08/phases-of-empire.html#more

History would outline that it is hard the break the cycle. But we can't do anything if we are not aware. We entered the decline and then rather than managing it and reinventing we are jumping on the accelerator pedal.

"One resists the invasion of armies; one does not resist the invasion of ideas" Victor Hugo

lindalsalisbury's picture

Depends on who you're talking to

Dems say recovery.
Repubs say recession on the edge of depression

My mental health check of myself says depressed.

My mother, aged 92, is still alive and lived through it the "great depression" and I can tell you we are not there.

They had no welfare money, no food stamps, no jobs or even prospects of a job anywhere, because there was no money.

Every time I see FEMA (I'm aged 68) running off to California, I remember the treatment my relatives received from them, during the depression. If you have read the "Grapes of Wrath", it was that bad, and worse. I resent the help they are given, when they showed the "Okies" no mercy. However, I wouldn't want to see them suffer, but I resent it all the same.

We are nowhere near there yet.

great video clip from Dr. Paul from 07'


"One resists the invasion of armies; one does not resist the invasion of ideas" Victor Hugo

Durning the Great Depression

people were eating their horses. No, things are not that bad yet.

During the "Great Depression"

People did eat their animals if they had them,or they stood in Soup lines. No need for that kind of visible depression these days, The goobermint just taxes those of us who are fortunate to still have a job of some sort and The Fed just prints more monopoly money and hands it out. These practices will at some point come to an end and the results will be devastating.

Is there anyway we can stop

Is there anyway we can stop it?

We're Not There Yet

Technically, a recession is considered to be two consecutive quarters of negative GDP growth. We often don't find out about it until we are already well into it, or after it is already over because of the lag time in accumulating the economic data before it is reported.
One fact can help in determining when a recession is likely occuring or is just around the corner. EVERY recession here over the past two centuries was preceded by, or coincided with, a noticeable downturn in the stock market. The severity of the recession is also linked to the degree of the decline in the stock market.
Simply watch the stock market and you'll see the larger trend changes reflected in the economy soon after.

Remember September!

Of 2008,when the Markets were booming. They were a little higher than they are now,but I think it's close enough to be cautious about another mass sell off any day now.

They just keep using the word

They just keep using the word "recession" over "depression" so they don't have to deal with the panic and kneejerk reaction to the latter.

And we're in a depression, but we haven't seen anywhere near the worst of it.

Simple Facts and Plain Arguments
A common sense take on politics and current events.


Easy to tell. A recession is when your neighbor loses his job.

A depression is when you lose yours. :)

Chris Indeedski!

Daily Paul cured my abibliophobia.

Technically the recession is

Technically the recession is over, but it doesn't feel like living standards are getting any better.

Both sets of my grandparents

Both sets of my grandparents are still alive and they lived during the depression.(one grandfather even fought in WW2) People are certainly better off today compared to then, but I still think you could probably consider this a depression.

(He told me a story about how his family and a neighbor pooled their money to buy a grass mower(dont remember if it was gas powered or manual) so they could cut their grass. I am not sure we(today) have quite gotten to that point yet, but its not that far off.)

To climb the mountain, you must believe you can.

It doesn't feel like "recess"...

And I'm definitely more depressed.

We are in a 'recovery'. Can't you tell?

Seriously, we are definitely in a depression. Technically a recession only lasts six to twelve months. We have been in this one for quite a bit longer.

I am still waiting for the 'trickle down' theory to work from the 1980's. All we hear are lies.

My mother was a child in the Great Depression. She told me she felt sorry for the people in the cities during the Great Depression. When I asked why she explained that no one had money but the people on farms had food, those in the city did not.

We would have riots in the streets now except that the government is handing out food stamps, that is why we don't see the soup lines like in the pictures from the 1930's.

All we really need to get going is having leaders that are more concerned with taking care of the people they lead ( like Ron Paul ) than rewarding themselves and ignoring the masses ( like Obama/Romney/RNC/Federal Reserve bankers ). What greedy people cannot fathom is that allowing the working poor to earn greater than subsistence wages is the only way to grow the economy. The ultra-greedy individuals in power now assume that giving the wealth to themselves is the only way to grow the economy. We have been trying this, and failing at this strategy, since the 1970's which is why we constantly find ourselves in economic trouble.

Elitism = fascism. Very simple concept.

Truly elite people never think of themselves as better than someone else. Elitists assume they are better and are willing to lie, cheat and steal to prove their belief.

Good topic. It is much better than all the people abandoning their principles and convincing themselves to vote GJ/Romney etc.

So we are becoming a

So we are becoming a socialist country too, power elites controlling everything. You are right I feel depressed too, but I still have a job, though it pays almost nothing.

That's the point. We are being conditioned to slavery.

It is called incremental-ism. ( definition: Cautious style of decision making in which changes are implemented gradually or in small steps. )

It is a highly favored tool of internationalists and socialists.

Read more: http://www.businessdictionary.com/definition/incrementalism....

But isn't it in a socialist

But isn't it in a socialist countries, everyone has some sort of job? I don't know of how the unemployment numbers were in the Soviet Union, but I was told by a socialist one time that under socialism, everyone has a job. Is this not true?

If you have access to JSTOR you can view the article below.

Unemployment in the Soviet Union: Evidence from the Soviet Interview Project
Paul R. Gregory and Irwin L. Collier, Jr.
The American Economic Review
Vol. 78, No. 4 (Sep., 1988), pp. 613-632

Basically what it says is that the USSR government stated unemployment ceased to exist in the 1930's. However, from studies done on immigrants it showed unemployment similar to the USA. At this time most people in America still have jobs, but as you yourself pointed out we mostly earn subsistence wages.

Officially in the USSR there was 0% unemployment, just like today in the USA unemployment is at 8.2%. We can believe everything that government tells us. Does not matter what country it is in, governments never say anything that is not absolutely true. Just ask Obama, or Bush.