The Other McCain

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Noted Economist Rev. Jesse Jackson Declares Depression

Posted on | October 1, 2010 | 16 Comments

by Smitty (h/t Lucianne)

It’s hard to tell whether to be cheered or saddened. Rev. Jackson, at least as credible as Paul Krugman on economics, in Detroit declared depression:

“The middle class is under attack,” Jackson told the Free Press on Wednesday. “Detroit, Michigan is ground zero.”

Compared with unemployment and foreclosure rates nationwide, Detroit has been the hardest hit urban area in the country, according to Jackson. He is urging government officials and business leaders to reinvest in the city.

“This is a depression, not a recession when you have 30 to 40% of residents in poverty,” Jackson said in reference to new census data reported Wednesday. “This is a state of emergency.”

You know what would cheer Jesse up? Seeing his son swearing into the Senate. If Illinois doesn’t deliver, Junior can just stand at the door and offer his Blagojevich impersonation. More or less the same.


16 Responses to “Noted Economist Rev. Jesse Jackson Declares Depression”

  1. Joe
    October 1st, 2010 @ 1:44 pm

    Is he depressed about the mood of the country turning against the policies he likes?

  2. just a conservative girl
    October 1st, 2010 @ 1:58 pm

    Detriot has been a wasteland for a long time. The recession certainly didn’t cause those problems.

  3. Estragon
    October 1st, 2010 @ 2:25 pm

    Detroit’s current condition is a direct result of government planning. Jackson’s call for “investment” reminds me of the medieval physicians who bled their patients with leeches, saw them getting weaker, paler, and sicker, and prescribed more bleeding as a cure.

    But on a more personal note: Hey, Rev, how de baby mama?

  4. Live Free Or Die
    October 1st, 2010 @ 3:57 pm

    I’d demand Rev. Jackson make the first donation, but he just recently ‘donated’ his 2009 Cadillac Escalade to the the fine, upstanding citizens of Detroit. Oh, and before that, Dave Bing’s GMC Yukon was ‘repossessed’ by the good people of Detroit.

    Yeah, I think Detroit qualifies for the Ripley Solution, “…It’s the only way to be sure.”

  5. Live Free Or Die
    October 1st, 2010 @ 4:50 pm

    Rev. Jackson is proving Smitty’s post on ‘Moral
    Vacuum Strangely Empty Of Moral Understanding’.