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Political & Cultural Commentary from a Constitutional Conservative.

David Rosenberg

CNBC: Economy Caught in Depression, Not Recession

August 25, 2010 By Jeff

I be the first one to admit I’m a pessimist on the economy, but not even I’m this pessimistic: Positive gross domestic product readings and other mildly hopeful signs are masking an ugly truth: The US economy is in a 1930s-style Depression, Gluskin Sheff economist David Rosenberg said Tuesday. Writing in his daily briefing to […]

Filed Under: Economy, Politics Tagged With: CNBC, Consumer Confidence, David Rosenberg, Depression, Duraable Goods, Economy, Home Sales, Unemployment

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“Good intentions will always be pleaded for every assumption of authority. It is hardly too strong to say that the Constitution was made to guard the people against the dangers of good intentions. There are men in all ages who mean to govern well, but they mean to govern. They promise to be good masters, but they mean to be masters.” – Daniel Webster

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