Roy, people were saying that the country was at risk of slipping into a full-scale depression.

To compare an actual depression to the situation we have now, according to an online textbook I looked up, the unemployment rate in the United States averaged around 25% during the Great Depression. And it was worse in other countries, reaching 33% in some.

Now, call everything Obama has done a failure, but he has prevented such a crisis from happening.

Might I add, the DJIA has flirted with its highest close in years.