Rep. Henry Waxman made remarks on C-SPAN Newsmakers program, 6/29/12.
7/2/12, "Top Dem.: 'I Think It's a Depression'," Weekly Standard, Daniel Halper
"A top Democratic congressman, Rep. Henry Waxman, ranking member of the House Energy and Commerce Committee, says that we're living through a "depression."
“The economy has not recovered," says Waxman on C-SPAN. "Some people call it a recession, I think it’s a depression.”