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Whats up with this depression we are in and why do people continue to ignor it like its not happening .?

Savings are non-existent , housing prices are falling , 300,000 people a week are filling for un-employment , foreclosures have reached epic proportion , and the resources of this nation are stretched so thin we must barrow from other nations to stay afloat . So I ask why is it that no one in the media or the government is addressing this problem and doing everything possible to deny any and all claims by the people that we have a major problem on our hands .

Public Comments

1. Because we're not in a depression. We aren't even in a recession -- the one that started in Clinton's last year has been over for a long time. GDP is growing, so we don't have economic retraction.
2. It's not a depression. It's a recession. The Federal Reserve is going to cut the interest rates again so that should help a little.
3. Congress controls the Budget (if I am wrong please correct me) they hold the key. Each member regardless of party is responsible for the current status and if the media is truly biased they could not address the issue without exposing the party they support. Ergo no media coverage and no screaming from Congress.
4. It's not a depression if you close your eyes, crank up the Rush Limbaugh, and sing karaoke to Sean Hannity.
5. In a word, ignorance. Just read the responses to your question. I'm sure there will be many saying things are just wonderful. National Debt? What's that about? Forty million people without health care? Who cares? Just read the responses. "The Dow is at record levels" Just forget that nine trillion dollar National Debt. Denial is not just a river in Egypt.
6. People continue to ignore it like it's not happening because it is, in fact, not happening. Do you even know what a depression is?
7. I have observed that the people who claim our current expanding economy is really a depression are the same people who sit at home and stare at the wall feeling sorry for themselves because they don't have the ambition to take part in our capitalist economy.
8. Well Bush had a great assesment about the American people when he was running and down in the polls "These people are just like animals" I guess that told us how he would take us to the slaughter house and freeing the Muslims will just help him get his job done! People just don't have the time to protest but when it comes time they will be running to no avail!
9. "Depression"? Economically, we're not even in a recession, even, let alone a depression. Perhaps the media doesn't say anything because they're as economically illiterate as you appear to be. Politicians won't say anything useful or meaningful because to recognize an economic problem means they have to act on it (by, say, spending less or taxing more). House prices are falling because there has been a housing bubble for quite a spell now. It was bound to burst, or at least deflate itself through a correction in the market. As for foreclosures, that's because people rashly lent money to people who shouldn't have gotten it to buy houses they couldn't afford. This led to the housing bubble, and the mortgage finance fallout situation, but it would be unwise for the government to intervene in this correction, IMO. As for employment, a lot of people are also getting off the unemployment rolls and getting jobs. And if there's been a jump in unemployment, there is also the fact that we're in the transitional time period for people who do seasonal outdoor work, especially in the northern climes.
10. Just because a bunch of idiots bought houses they knew they couldn't afford and are now losing them doesn't mean we are in a depression or a recession. People like me who work hard, save where I can and are responsible are in the process of purchasing a home from one of these morons. His stupidity is my gain.
11. Get rid of George W. Bush immediately!
12. You say this is a depression, how may bread lines do you see, what is the unemployment at nothing NEAR the 29% it was in the 30's the dow is at 14,000 (aprox) a record high, and when it dropped 300 points a few months back and every one was screaming "OH MY GOD A 300 POINT DROP WE'RE ALL DOOMED" well the dow was STILL at record levels then and unemployment is at 4.5% during the Clinton years it was at 6.5 % I think it is you who are denying things here it makes you sick to think that we'er better off now then we were 10 years ago I know
13. It is because you have your own definition of a depression, and it is one that most people do not share. A recession is two consecutive quarters of decline in the GDP. Websters defines a depression as a period of low general economic activity marked especially by rising levels of unemployment. Since neither of these conditions is occurring, (GDP has been rising for years, and unemployment is as low as when Bill Clinton said, "It's the economy, stupid") there is no recession...there is no depression...and anybody who knows what they are talking about would never say that there was a depression. In fact, we are still in a period of economic growth. Have been for several years. Having said that, there are signs of a downturn, but it is hardly the disaster you wish it was with your trouble making rhetoric.