Unfortunately, I see this problem running much deeper than the "Great Depression" did.
What I predict we'll find and see, is that those who are in charge are still getting paid. Much like the banks getting a bail-out and then giving bonuses to their executive staff. This will, in turn, prevent the decision makers from changing their ways as quickly as the nation needs them to, if they change their ways at all. Add to the mix that outsourcing jobs to the "cheaper" overseas workers will be looked at as a potential savings by those corporations and companies, even more often. Finally, the fact that the average American can't stick to anything in terms of boycotting anything and can't muscle Washington into doing
anything will be the last straw in our overall demise as nation and world leader.
Basically, it will boil down to the average American worker finding a way to make it (read: life) work. The rich will continue to get richer and the poor will remain poor but will be joined by the former middle-class who is just trying to survive while dodging layoffs. Too many companies and corporations have a strangle hold on the many markets we as people need to live the way we currently live. There isn't much room, if any, for an American grown company with American laborers to put down new roots. The government is proving that lobbying, regardless of what they claim, is alive and well. We can see that to be the case as they are willing to bail out companies who should be going belly up allowing them to stay in business versus making room for new companies that care about staying in the black, the customer, and the business model - given any certain economic pulse.
Welcome to the Socialist States of America, folks. We have a front row seat for the watching party.
See you in the bread line soon.
(Sure, it may be an over-reaction but play out the current state of affairs and see how far off it may be)