Top Dem.: 'I Think It's a Depression'
2:30 PM, Jul 2, 2012 • By DANIEL HALPER
A top Democratic congressman, Rep. Henry Waxman, ranking member of the House Energy and Commerce Committee, says that we're living through a "depression":
“The economy has not recovered," says Waxman on C-SPAN. "Some people call it a recession, I think it’s a depression.”
Waxman's remarks follow-up on Vice President Joe Biden's from last week, in which he stated that millions are living in a depression.