This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize.
You know, if I listened to Michael Dukakis long enough, I would be convinced we're in an economic downturn and people are homeless and going without food and medical attention and that we've got to do something about the unemployed.
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The impact of the downturn is starting to feel very real. House prices and the housing market have been taking the knock for some time and that's affecting people.
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Because of piracy there has been a massive downturn in people buying music, which makes it more difficult for artists to make money from the sale of records.
Let me put it very forcefully: No large economy has ever recovered from an economic downturn through austerity. It's not going to happen in the United States, and it's not going to happen in Europe.
Women's golf definitely hit a bump in the road. We lost some tournaments due to a combination of things led by the downturn in the economy.
The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression.
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