Salon.com appraises economic prospects a little more soberly than we saw with the Independent earlier. In the Alice in Wonderland world of economic reporting, we’re technically not yet in a recession, even while experts debate which month in late 2007 it began, but we certainly could be in for another great depression:
In fact, it would be all too easy. All we have to do is ignore what the markets and other economic indicators are telling us right now and continue down the disastrous path we’ve been merrily skipping along for the last 25 or so years. Want to see “The Great Depression: The Sequel”? Here’s a handy three-step do-it-yourself action plan.
1. Continue to ignore growing income inequality and govern the United States for the benefit of the rich at the expense of the many.
2. Continue to whittle away at the safety nets that exist to cushion Americans from economic ill winds.
3. Continue to weaken government oversight of Wall Street.