Vice President Joe Biden had this to say today about whether there's a "depression" in America:

"The unemployed are in real trouble," Biden said. "My grandpa used to say, from Scranton, he’d say, ‘Joe, when the guy in Dunmore - the next town over – when the guy in Dunmore is out of work, it’s an economic slowdown. When your brother-in-law is 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."

But the last bit is particularly curious since it sounds an awful lot like something President Ronald Reagan said. CONTINUE READING>>>