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Yes, we seem to hear "since the Great Depression" every day, and I'm certain that we are heading for another one.
And how did we escape the last Depression? Why, gearing up our industrial might to fight a war, of course. Of course, today we have outsourced all of the industry, and we are fighting way more war than we can afford already.
We won't get out from under "Depression II" until our economy starts producing things of value again, instead of mega-deals and Big Macs. How about 10 million new jobs for the green economy? Let's put our workers back on line building 50mpg autos domestically, and building wind turbines and solar arrays.
All it is going to take is to wrest the controls of government away from the rich, if we're not too busy watching Fox News and American Idol...
Or you can just throw in the towel and invest in apple farms and soup kettles. If we get into the next depression it is going to take a long time to get out.