Wednesday, December 17, 2008

It's a depression By HELEN THOMAS

Last updated November 28, 2008 5:32 p.m. PT

It's a depression
By HELEN THOMAS
HEARST NEWSPAPERS


WASHINGTON -- Few prominent economists will say it, but to me it looks and feels like we are in another Great Depression or a reasonable facsimile.

The current meltdown is dubbed a "financial crisis." But a rose by any other name would still inflict the same hardship and suffering on most people and businesses.

Clearly, the lessons have not

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