Obviously, I was not around during the Wall Street Crash of 1929 or during the Great Depression, but, as everyone has, I have read a lot about it through the years. From what I am seeing at this point in all of our lives, the difference between now and then (in a large part) is this:
In 1929, when Wall Street Crashed, EVERYONE suffered. The rich became poor and the poor became more poor. Not everyone, of course, but many.
In 2008, the economy has hit a downhill slope and the brakes have gone out, but it seems to me only the poor (becoming more poor) and the middle class (becoming poor) are having a hard time. The poor spend their days trying to decide between food and gas. The middle class job market is drying up. The rich are concerned about which house they will be staying in this weekend. Or which middle class person's house they will be able to pick up for a song after foreclosure.
I don't need to be rich to be happy. And I won't ever be rich, unless I win the Lottery, and that isn't likely, since I don't buy tickets. But I am sick to death of the rich taking my slice of the pie, running this country into the ground so that my 401K sits practically empty, and, yet, they come out smelling like a rose.