Existing home sales hit a 15 year low in July. Foreclosures are 30 times what they were before the crash in 2008. Meanwhile, an economist says we are in a depression, not a recession.
No argument there. Recessions don't last this long or go this deep.
The question is: how will the Democrats spin this? That's not hard to figure out. They will say that George Bush ruined the economy and a vote for Republicans will be for more of the same. This is the tack being taken by Jerry Brown against Meg Whitman for governor of California.
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