During President Bush's final press conference, he referred to our current economic situation as a Depression.
I believe it may have been a Freudian slip because in his same sentence he also mentioned the Great Depression.
The context was in reference to what his economic advisers were telling him about the present day economic situation and his tax cuts. President Bush was emphasizing how important his tax cuts were during his administration; that the people are the best people to spend their own money as compared with the government. In particular, during our present Depression.
Sorry. I don't have the exact quote, I wasn't expecting to hear it, but know that I did hear it.