What do you think of this comment about current state of the country?

[truedelphi]

32. We are in a depression.

At least an entire segment of the population is in a depression. If people own stocks and have paid off their home, they might not realize it. But for anyone who doesn't have dividend income or a corporate job, own their own home, and all the other things that come with that lifestyle (Health insurance for instance) things are very tough.

Forty nine cents of every dollar of profit being made is being made by the Big Banks, and Big Financial people. Who are mostly sitting on the money.

People attempting to get a job find that there are at least three to eight applicants for every job posted. The young people in my area are still entering the military, as employers here will take only college grads or those who have gone the military route. (And most young people where I live don't have the income to deal with what it costs to go to college.)