[jswinghammer]

If you count underemployed, discouraged workers and the U-2 figure then we're at about 18% unemployment right now. If we're still in this situation after ten years despite all the artificial stimulus I think it's just a joke to call it anything less than a depression. I'd argue we've been in a depression since the tech bubble burst and that we've just been papering over the mess for the last ten years. Considering that job growth has been basically zero for that period I'd say we've been kidding ourselves with statistics for awhile now.