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Bountiful -> General Political Discussions -> Bernanke says that we're having a severe contraction
Post Info TOPIC: Bernanke says that we're having a severe contraction
arbilad


Head Chef

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Bernanke says that we're having a severe contraction
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The economy is contracting.  Well, with a severely contracting economy, and all these comparisons to the 30s, why do they still call it a recession and not a depression?

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lundbaek


Profuse Pontificator

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Bernanke & Co. are calling it a recession and not a depression to keep the American people in the dark as long as possible.  People are anxious to believe what they want to believe. 

This reminds me of Hitler & Co. telling the German people right up to the last couple of seeks of WW2 in Europe that there were plans and weapons to turn the war around.

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