BBC proves that the recession is actually a depression

OK let's review. Last Spring, Bush said their was no recession. This summer, 'a few bumps in the road' - this fall, "Stormy weather", now, well their might be a depression, but my tax break will fix it.
My opinion of these changes reflect that there is indeed a serious recession and possible depression occurring, but our news media doesn't cover the issues.
At least BBC has covered the newest element of our spiraling economy - Bush's own 'Hoovervilles' are here.
If you remember your high school social studies class, or have seen "Cinderella Man" you have seen shanty villages in our past that were a part of the Great Depression.
This piece by the BBC shows that they are back, this time due to the Mortgage meltdown in the housing market.

http://www.huffingtonpost.com/2008/03/20/bbc-report-sheds-light-on_n_92548.html

My concerns about this are twofold. One, why is our media silent on this alarming issue? Two, what are Bush's 'contingency plans' for a disruptive segment of society?

Either way, I can't wait for a new administration to take charge and start another New Deal of sorts. And, that should not include someone who lobbied for NAFTA as a good thing for our economy.

Comments

Not far away

is a "resort" campground. Well, it used to be. Recently, it's been a temp home to lots of worker types who travel from far away for work. Now from someone who knows, it's a place where those who have lost homes are turning. And it gets worse. It's a place where people are sleeping in cars. It's a depression already for lots of folks and for all of us soon.
Why do you call it "a disruptive segment of society?"