middle class

Decent Poverty Report: our depression

I don't know why so few people utter the word "depression" to describe the economic conditions in America over the past year or two. I suppose some people believe on principle that as long as things don't get as bad as they got at the nadir of the thirties—and they haven't—we're not entitled to the word. Certainly the corporate news media and those who take their cue from them, patrolling the public discourse like vigilantes, wouldn't think of using it.