Graphs That Show Why This Is Indeed Quite Possibly a Depression

[cieldumort]

Many have often referred to the period of economic malaise that began around 2000 with the bursting of the stock/tech bubbles and subsequent implementation of Bushnomics as a sort of modern day take on the 1920s all over again (a nasty recession early, followed by unchecked credit expansions and rampant speculation creating false wealth through the

Comments

[toyyoda]

It was a one, two, three, punch. 1 The price of fuel gasoline & diesel sent freight costs up. To cover costs company's dropped employee's or raised prices. Sales drop. 2 Bank Reform. With pressure on the banks they called-in loans of company's with extended credit lines and business was not good.( see fuel costs) That closed many business's. 3 Then Health Care Reform, no one wants to hire anyone over-weight, diabetic, of childbearing age, has a large family, smokes, over 50 years old or having any medical need.
That takes a good part of the population out of the possible employment pool.