Great Recession? Great Denial

What is the best way to describe our economic situation?  If you look at the popular press, the term that is gaining  truck lately is “Great Recession”, a term that refers to the worst recession since the Great Depression of 1929-1937.  But isn’t a really bad Recession just one way of defining a “Depression”?   Well, maybe, but that would involve using that dreaded “D word”.  That kind of cowardice, the inability to call the situation what it is, lies at the heart of why we aren’t capable of dealing with it properly – which is why it continues to get worse.

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