You Say Recession, I Say Depression

John Judis, The New RepublicThe terms “recession” and “depression” were once used to suggest that a downturn was not as bad as a “panic” or “crisis.” In fact, for the first years of his presidency, Herbert Hoover chose to refer to the downturn as a “depression” in an effort to convey that what the country was experiencing was just a temporary indentation. Only in 1931 did Hoover begin to speak of a “Great Depression.”Our current downturn has also been plagued by word games. Faced with the fear that the...

Tila Tequila Tina Fey Tricia Helfer Tricia Vessey