I think we're already in a depression. And we're not even at the bottom of it yet.
The government and liberal media are manipulating the statistics, bad even in their gentler form at a consistent 9.7% unemployment rate. As I quoted elsewhere, when you include the millions who have given up on finding a job, or who are working 32 hours or less under the threat of losing their jobs if they don't, unemployment is projected to actually be somewhere between 17 to 22% (as
G-man also sourced, earlier in this topic).
And again, we're still living in a false bubble of government spending and borrowed Chinese money, as well as 2 trillion in new printed currency.
When the borrowing is cut off and inflation kicks in, combined with higher interest rates, we'll see the full extent of the damage Obama has done to our economy.
