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Obama: Depression?

“So much for recovery summer,” the New York Post writes. “Vice President Joe Biden yesterday declared that the economy is in a full-blown ‘depression’ for millions of Americans.”

Biden said in Iowa yesterday: “The unemployed are in real trouble. My grandpa used to say — he’s from Scranton — he’d say, ‘Joey, when the guy in Dunmore — the next town over — when the guy in Dunmore’s out of work it’s an economic slowdown. When your brother-in-law’s out of work, it’s a recession. When you’re out of work, it’s a depression. … It’s a depression for millions and millions of Americans. It’s a depression.”

Caroline Kennedy campaigned for Obama in New Hampshire last night.