Depression or Recession?

Let’s look at some simple facts. During the 1930s unemployment was as high as 27%. Today’s unemployment rate is 6.5% that is a 20.5% difference. With all the fear mongering going on in this country right now I can see why one may think that this is going to be a depression. Hearing day in and day out from the leaders of our country that this is the worst situation since the 30s would leave anyone thinking that we are all doomed. From an economic stand point we are due for a recession and a correction in the market. Having the internet bulb burst in 2001 and now the overinflated housing market and credit crunch the country is going through a deep and correcting liquidation of the markets. What could send us into a bigger financial mess is the over spending in Washington. Without even really thinking about it or analyzing the data we spent some 850 billion dollars at drop of a hat and began to implement major oversight and government control of companies. A country built on a Capital system companies come and go. It is part of the cycle and normal for the markets to work through. I believe that with a 24 hour news media people are running on emotions and not on data and understanding and that is what can lead us from a Recession to a Depression...