Joe Biden: Economy Feels Like a ‘Depression for Millions’

(By Devin Dwyer, ABC News) - Vice President Joe Biden today offered a blunt assessment of the plight of the unemployed, telling supporters at a campaign rally in Iowa that the economy remains “a depression for millions and millions of Americans.”

“The unemployed are in real trouble,” Biden said in a speech on the banks of the Mississippi River in Dubuque. “My grandpa used to say, from Scranton, he’d say, ‘Joe, when the guy in Dunmore…is out of work, it’s an economic slowdown. When your brother-in-law is out of work, it’s a recession. When you’re out of work, it’s a depression.’”

“It’s a depression for millions and millions of Americans,” he said.