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I just read this article a second time and it's just amazing how totally clueless its writer is. He doesn't even understand the basic economic tenent that "Tightening the belt" is a cause of recession, not an effect. He's basically trying to scare us all into tightening our belts, therefore actually fulfilling the profecy of recession/depression.
Then, at one point in the articles, he even mentions that "we are not even technically in a recession." Um... so are we heading into another great depression? Or are we not even in a recession?" What's this guy smoking?
Folks, don't believe the journalistic hype. There's no depression looming. We're nowhere even close. The mere notion of it is retarded.
