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The Depression in Our Future

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Uploaded by on Mar 3, 2009

According to Professor Peter Morici of the University of Maryland the United States is probably already in a depression, though the government will probably need several years worth of hindsight to accept the fact.  Professor Morici characterizes the shift from recession to depression as the point at which a recession fails to self-correct.

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  • just legalize drugs.

  • isn't this the kid from the Sopranos?

  • Thanks bro.

  • The song is on Jamendo, but I can't post the link, YouTube won't let me. Just use their search engine.

  • Where can I find the song you play? (The "wake up america!" song)

  • The word consumer sounds too nice... I prefer the term debtors

  • Excellent and true. We need to bring mfg back. Yet no one in govt says anything about it. Their idea of solving the crisis is to have consumers spend more.

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