Great Depression

Despite claims to the contrary, America’s economic crisis is likely to get worse.

As the intelligentsia debates whether or not the United States is in a recession, the working class is worried about a full-blown depression. According to Commerce Department data released on July 28, the gross domestic product shrank 0.9 percent at an annualized pace last quarter, after shrinking 1.6 percent the quarter before. Two consecutive quarters of negative growth is a common definition of recession, so many Americans already believe what the experts refuse to say.

Read more at “U.S. Heading Toward Another Great Depression”

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