Yesterday, the business section of my local newspaper featured an article about buzzwords that have been created as a result of our current economic situation. Words and phrases that regularly pepper the CNN broadcasts ("toxic loan" and "bailout", for example) were defined, along with a few I'd never heard of ("underwater house"?).
I was struck by a question posed by the writer: how will this time in our country's history be referred to? The Great Depression was so named because it was the first time anything like that had been experienced. The writer suggested "Great Depression 2.0," but that doesn't really strike a chord with me. I thought about it for awhile, but the best I was able to come up with was "The Big Oops."
So what do you think? When future generations are reading about this time in their history books, how should it be remembered?