"A recession is when my neighbor loses his job. A depression is when I lose my job."
I like it.
For those of you who don't know, a recession has many possible technical meanings, but a generally-accepted meaning could be when there is negative GDP.
The difference between a recession and a depression is that recessions are self-correcting in time. Depressions are not.
The Great Depression (note the caps) was a combination of many unfortunate events that led to a long period of severe depression.
Companies now have trillions and trillions of dollars in cash. Newer regulations are in place. Even if we do enter a depression (not capitalized) you'll see that it will not be anything like the Great Depression.
Personal opinion? Everyone not in New York or California will come out of this recession within 400 days. New York and / or California may have a worse problem. Screw them.
Speaking of Kalifornia.... Why the hell are so many people STILL opposed to ghey marriage? So you may have religious opposition. Why should you force your religious views on everyone? Isn't that what Al Qaeda does? "Me: 1. You: 0"
I'm still opposed to Kanadian marriage.