The UK’s Independent: USA 2008: The Great Depression
Now, I live in Michigan and have been seeing worse than most of the country for the past few years. But I need to see a lot more before I start using the word “depression.”
As Glenn Reynolds said:
I remember my grandparents’ stories of the Depression, and they didn’t include cable or big-screen TVs.
Lou Minatti points out that the article notes that the US unemployment rate may reach 5%. And that politicians in the UK (the source of the article, remember) are “crowing about their 5.2% unemployment rate.”