US Democrat Rep. Henry Waxman (Calif.) says US economy is in a depression, has not recovered, C-SPAN, 6/29/12

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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.”

Waxman's remarks follow-up on Vice President Joe Biden's from last week, in which he stated that millions are living in a depression." (C-SPAN video at link)

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