What's the Difference Between........

[Crazy Horse]

Oh hell..............grab a beverage, cover your keyboard and monitor. Another Primitive discussion on Economics.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x2735100

gateley  (1000+ posts)      Mon Jan-21-08 04:20 PM
Original message
What's the difference between a Recession and a Depression?
 I ask because, even though I'm not savvy in economics, I have a gut feeling we're heading for a Depression. Is that possible? What will that mean to you and me?

Well at least the OP is honest, a lost trait among the primitives.

 

uberblonde  (269 posts)      Mon Jan-21-08 04:22 PM
Response to Original message
1. Like the difference between a one-night stand and a relationship.
 The depression is longer and more serious but we're still getting ****ed.

Vincardog  (1000+ posts)      Mon Jan-21-08 04:23 PM
Response to Original message
4. We are ****ed. The rich will use it as another chance to pick up all the real property at 2% of cost

shain from kane (1000+ posts)      Mon Jan-21-08 04:25 PM
Response to Original message
5. A recession is when your neighbor loses his job. A depression is when you lose your job.
 Edited on Mon Jan-21-08 04:27 PM by shain from kane
There’s an old joke among economists that states:
A recession is when your neighbor loses his job.

A depression is when you lose your job

.
 

Jamastiene  (1000+ posts)       Mon Jan-21-08 04:25 PM
Response to Original message
6. Recession doesn't last as long as a Depression. 
 Good way to remember it:
Recess = short break
Depress = Oh, God, when will the misery ever end.

 

TechBear_Seattle  (1000+ posts)       Mon Jan-21-08 04:37 PM
Response to Original message
16. It depends on whethery you are blaming yourself or blaming the opposition
 "We" can only create a recession, ie a temporary slow-down of the economy which is necessary to fix the problems left by "Them."

"They" can only create a depression, ie a long-term reversal of the economy caused by mismanagement, malfeasance, poor planning and incompetent polices. Can only be fixed by "We."

I agree WE is the only one I know who can fix this 

Lobster Martini (945 posts)       Mon Jan-21-08 04:38 PM
Response to Original message
17. Difference is, there aren't any good folk songs about recessions (n/t)

 
 
There are a few actual answers.............yet they really have no concept of economics outside of their hive and wiki

[Wretched Excess]

I wonder where the DUmmie is that is sure that edwards is the solution?  he posted that in the "we should let the GOP win" thread, and it cracked me up.

[TheSarge]

 
There are a few actual answers.............yet they really have no concept of economics outside of their hive and wiki

That's because they've never had to apply the economics they learned in college and high school in real life.

[ReardenSteel]

"A recession is when your neighbour loses his job. A depression is when you lose yours. And recovery is when Jimmy Carter loses his."
(Ronald Reagan, 1980)

[CactusCarlos]

"A recession is when your neighbour loses his job. A depression is when you lose yours. And recovery is when Jimmy Carter loses his."
(Ronald Reagan, 1980)

    

[DixieBelle]

They don't know but they know that a Dem in office is the solution. *eyeroll*