Welcome, to the Great Recession. That's the latest buzzword for the fix we are in.
For those of us that are old enough to remember the Great Depression or know somebody who does, I suspect we have a ways to go yet. Sometimes it's hard to know where one stage ends and the next begins.
But the best way to tell is:
In Boom Times you can afford a car.
In a Recession you can only afford the gas for the car, providing the car is already paid for.
In a Great Recession you can't afford the gas even if you still had the car, which has been repossessed.
In a Depression you hope you know a friend who has a car and will give you a ride.
And in a Great Depression your friend's car stopped running three years ago.
Posted by donburnshomepage
at 10:48 AM EST
Updated: Friday, 20 March 2009 9:32 PM EDT
