Recession? Depression? Passing Downturn?

Since I live in a formerly manufacturing city that has lost all of its manufacturing, I would definitely say that this rivals the Great Depression. I talk to my mother (who lived during the depression) and because there were actually more ways for poor people to bypass the system then, it is actually more difficult in our community today. Unfortunately our city was built on a machine tool and fastener industry. The cities that have a diversified economy are already finding ways to recover. Our city has the highest unemployment in the state and the highest crime. It's a shame, because our city developers just don't have a clue about building our city back up. In fact, one of our local bank presidents said that this will continue to happen to our city unless we change our ways. For the last many years, our businesses were encouraged to pull up stakes here and do their manufacturing overseas. Without people going to work every day, the whole infrastructure erodes and the business owners eventually don't make money and the cities crumble from lack of tax dollars. What people don't realize is that the "middle man" working supports this country and if you take all the jobs away, you have nothing but wealthy and welfare. People are trying to look for alternative sources of income, making things for themselves and people that have never had a financial problem are on the internet looking for supplemental money. If and when we get our jobs back, we will survive.