"Bill M" wrote in message
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The present depression started before Obama was elect!
Obama does not become president until Jan. 20 2009!

Well, let's not get hysterical. This is not yet a "depression"! When
unemployment hits 25%, then you can call it a "depression". This is the
more-or-less standard issue "end of a 2 term Presidency" recession.
Clinton inherited one from Bush 1. Bush 2 inherited one from Clinton.

Even Carter's 1980 numbers of 8% unemployment, 20% interest rates and 13%
inflation was still a recession, not a "depression".