Dave Ramsey Responds to Biden’s use of “Depression”

This morning on Good Morning America, Dave Ramsey responded to Vice President Biden’s “depression” comment with a more balanced perspective on America’s housing, stock, and job markets.

While Ramsey affirmed that it may feel like a depression to those facing unemployment and/or foreclosures, he reassured viewers that Biden’s comment came from “political drama queen mode” and is not an accurate representation of the current economic situation. Ramsey went on to say that real estate has picked up considerably (with 4.5% fixed rates) and is now (slowly) leading the way out of the recession.

Click to watch the full video at abcnews.com.

Tags: Dave Ramsey, depression, Housing Recovery, Vice President Biden