[stevem]

And with Bush leaving – and a Democrat taking his place – Democrats want voters to remember that the nation’s economy crumbled when the Republicans held the White House.

Bush is leaving office in a middle of the road recession. How long before the Democrats convert it into a full blown depression?

[RC one]

I’m going to go ahead and just start calling it a depresison now FWIW. Economists can’t agree on how to define a depression (because they’re generally pretty well paid regardless I suspect) but most average Americans know buy now that we’ve gone over the edge.