Recession. Economic downturn.
We call it a different name because nobody wants to think of it as a depression - that's such a depressing word. It's been all over the news for months now - how the economy is going downhill and it's only going to be getting worse before it gets better. Pessimists say that it's about as bad as the Great Depression. But that doesn't really mean much to me, since I wasn't alive then.
I've read Grapes of Wrath, but it doesn't look like that. In that book, it seemed like everybody was barely getting by - deprevation, starvation, death were everywhere. But the people here don't really look any different from what I remember a year ago. There don't seem to be any more beggars on the street. I don't see any reduction in the number of teens chatting on cell phones or sporting cool new shoes. I do know a few people who have lost their jobs, but even they seem to doing okay so far - one of them seems to even prefer being on unemployment.
Maybe people are still pretending. I've heard stories about how during the depression, the men would still dress up in their suitcoats and leave their houses in the morning so that the neighbors didn't know they were out of work. Maybe people are doing that now.
There's more to read. Read the extended entry.