Naming the Crisis

Here's what I posted on the NPR site last night in response to their segment on what to name the economic crisis:

I had a hard time trying to find one that fits all of the areas of this crisis (housing, auto, banks, stock market, unemployment, etc.) but here are three that seem to fit:
1. The Great Repossession - with the foreclosures and credit defaults, bankruptcies, and even job losses. It seems America has been living beyond its means so the repo man has come to claim the property.

2. The Great Downsizing - when you go to a smaller home you down size. With all the layoffs companies are downsizing. We all are downsizing our spending and desires to buy. It's like termites have been eating at the foundation of our economy and the whole house is starting to collapse around us like a "Great Implosion".

and my favorite

3. The Great Awakening - so many have been so focused on living the American Dream that they finally got the wakeup call to reality. The new administration may help us see the light and get past the nightmare that we are experiencing. We all are experiencing a new consciousness and now working on nursing our hangover after partying a bit too much. It seems like we've been oblivious to what's been going on and the election certainly rattled awake those that were still hitting the snooze button.