It takes a while for the Obama warm and fuzzy glow to wear off. Libs at HuffPo – now a property of transnational behemoth AOL-Time Warner – are actually beginning to come around... sorta.
HuffPo-AOL wants you to tweet and tell them what the economic crisis is – recession or depression?
It looks like the creaky false right-left paradigm has broken down, at least in regard to the economy. Libs are turning away from the term “Bush's recession” and may be finally admitting that one man does not crash the economy.
Well, that might be a bit too optimistic.
Libs and government types are beginning to test the depression terminology waters. Paul Krugman calls it a “Lesser Depression” and Brad DeLong, former Deputy Assistant Secretary at the Treasury, calls it a “Little Depression.”
In fact, it is a full-blown Depression – capital “D” – although you wouldn't know it if you watch CNBC or the script-readers on the other alphabet propaganda networks.
Playing the semantic game imbued with the sickly coloration of false right-left politics is still a popular game, however.
Joe Biden still calls it Bush's Recession and Rush Limbaugh says it's Obama's Recession.
Few are calling it what it is – a Greater Depression engineered by the Federal Reserve.
Poster Comment:
They voted for hObama, and all they got was this lousy depression.
