PressTV
August 7, 2012
Demonstrators from Occupy Chicago, the Chicago Anti-Eviction Campaign, and Communities United Against Foreclosures and Evictions protest outside the regional offices of Fannie Mae in Chicago, Illinois on July 30, 2012.
A prominent economic analyst says the US is in the grips of a second Great Depression, despite the Western media claims that the country’s economy is on the road to recovery.
“The media continues to compare economic data to that seen during the first Great Depression. And they insist that the United States avoided another depression as a result of the “triumphant” actions taken by the Federal Reserve and President [Barack] Obama,” Mike Stathis wrote in an article published on Press TV’s website.
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