Are we going into the next great depression.   stance: no...we got nothing to worry about:
A recession isnt ALWAYS a bad thing. An optimistic view of this recession is that all of the corporate world fat is being trimmed and weeded out, leaving only the best and most sufficient companies. The short term job losses and price increases are definately a bad thing but they are only temporary. THe US has gotten out of worse before (Late 70's early 80's situation, and the Great Depression) just to name a few.