Most important, Obama's bailouts probably averted a full-scale depression.
Obama, meanwhile, defended his economic record, arguing that his actions in response to the Great Recession (2007 09) and the financial crisis of 2008 had prevented a full-scale depression and laid the foundation for recovery.
At a news conference after the meeting, Masaru Hayami, the central bank's governor, stressed that the zero-rate policy had been an extraordinary measure meant to ward off deflation -- a dangerous downward spiral of prices and incomes that can lead to a full-scale depression.
In 2009, a Minnesota Republican, Michele Bachmann, spoke of the "Hoot-Smalley act," which "took a recession and blew it into a full-scale depression".Does the brainchild of Reed Smoot and Willis Hawley (both Republicans, incidentally) really deserve its fearsome reputation as the begetter of the worst economic crisis in modern history?
Austerity's a job killer and a recession bloater which could even trigger a full-scale depression.
If Republicans remain deadlocked, or if the Tea Partiers prevail, we could be facing a full-scale depression.
The economic measures put in place by the president and his party prevented a full-scale depression, created millions of jobs, and mitigated our recessionary crisis.
This study demonstrated that it would be feasible to conduct a full scale randomized controlled trial comparing our improved intervention to usual care for the treatment of depression in primary care in Nigeria.
Secondary outcomes (collected at baseline, 15 and 33 weeks post-randomisation) for a full scale trial, piloted here, included the Patient Health Questionnaire (PHQ-9, not modified for pregnancy) and Edinburgh Postnatal Depression Scale (EPDS) [ 41, 42] which were both computer administered.
And a full scale orchestra, obvs.
