senators on msnbc when it reairs. one lawmaker has said he hopes they fail to reach a daily. gerald in addition letter here in studio. why do you hope they fail and will they? >> it seems as though they have from what i'm reading. it's not ate question of hoping they fail, it's the question of the reality. we're in the middle of the depression. >> you say depression, not recession? >> i would say depression. this is a result, not of a cyclical downturn in the business cycle but a financial crisis that when the housing bubble burst and wall street collapsed caused $8 trillion to be removed from the economy. that's a depression following a financial crisis. history tells us that such depressions following financial crises normally last about eight to ten years before you get any kind of reasonable employment back. unless government massively intervenes by spending more