Again With the Depression? Great...

By Dana Milbank
WashPost
Tuesday, February 10, 2009

These are good times for a Great Depression.

President Obama visited a struggling hamlet in Indiana yesterday and gave a speech that would not be mistaken for a pep talk. We're in "an economic crisis as deep and as dire as any since the Great Depression," he said, and without quick action, "our nation will sink into a crisis that at some point we may be unable to reverse."

Lawmakers, too, were feeling blue. Senate Finance Committee Chairman Max Baucus (D-Mont.) said on the Senate floor yesterday that "we will get close to the Great Depression" without action, while Sen. Byron Dorgan (D-N.D.) spoke of an economy "perched on the edge of a cliff" that without help will fall "off the side to a deep depression."

(More here.)