Great Depression II (GD II)
One difference, of course, is that GD I (the one that started in 1929) was more or less an accident. GD II was created, deliberately, by our ruling elites, first through the fraud and looting that brought down the financial system, and then through the "austerity" -- but not for the elite! -- that followed.
A second difference is that in GD I we had FDR. The lesson that the ruling elites seem to have taken from FDR is "never again." In GD II, they have Barack Obama, who has learned that lesson well.
Never again will the "small people" be permitted to do anything other than suffer and die and Obama, cheerfully enabled by both career "progressive" and Blue Dog factions of his party, is more than happy to let them do so. Yay!
NOTE Commenting on The Lightbringer's inaugural speech, CD got things exactly right. 01/20/2009 :
How dare Obama speak of "sacrifice," four times in under 5 minutes, at one point by my count, after directing Dems to hand over $350B in the initial TARP, no strings attached, and rushing to get the next round, and more, all while holding not a single Wall St. executive or Bush era regulatory agency actually responsible? It sickens me, because I understand, even if many don't, what it is that Obama means when he speaks of "sacrifice." He means for me and you, our SS dependent grandmothers and neighbors who rely on Medicaid and Medicare, veterans and the unemployed and students and the poor, to make his noble "sacrifice."
Of course, Obama wasn't speaking to the voters at all, but to his rentier owners. They weren't sickened at all.