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Last week, all of the media, even yahoos front page repeated the same WH talking points; we're coming out of the recession, the economy is on the rebound, etc. And then good Ole Joe has to go and open his mouth again and insert foot. You know Obama's like, "What the heck was I thinking, naming this guy my veep." Joe Biden, the gift that keeps on giving.
In recent weeks, Vice President Joe Biden has said that the U.S. economy has been in what he calls "a great recession" and has stressed that it is not a depression, echoing the general consensus of the nation's economists.
But today the vice president took some liberty with the economic terms to illustrate the continuing struggles of the unemployed in the United States.
For the millions of Americans without a job, "it's a depression," Biden said.
"My grandpop used to say -- there was a suburb of Scranton called Minooka. He said, ‘When the guy in Minooka's out of work, it's an economic slowdown. When your brother- in-law's out of work, it's a recession. When you're out of work, it's a depression,'" Biden said.
"Well, it's a depression -- it's a depression for millions of Americans, through no fault of their own," he said.
"It's a recession when your neighbor loses his job, it's a depression when you lose your own"
-Harry Truman-
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