The underemployment changing to increasing unemployment – the US depression becoming more intense

The US economic depression is real. No one wants to accept it. they do not even agree that there is a recession. The reason is not self denial. The reason is something else. Classical text book economics is struggling to understand that there can be an economic depression even with full employment.
Let us look at the reason of the economic depression. Since 1980, America deprived its middle class by exporting jobs, allowing illegal immigration, bring in H1b well paid technicians from India and other countries. The rich became richer and poor became poorer. People dipped into their credit cards and their home equity to pay their bills. This is known as underemployment driven economic depression. It took twenty eight years for the depression to become reality.
The underemployment is now changing to increasing unemployment – the US depression is becoming more intense.