Harry Reid Bold Claim: I Prevented World Wide Depression

Harry Reid is making quite a bold claim by  telling Ed Schultz on last night that he had had prevented a world wide economic depression:

 "We were at the top and we've fallen very hard. So people have been hurting, and I understand that, and it doesn't give them comfort or solace for me to tell them, you know, but for me we'd be in a worldwide depression. They want to know what I've done for them, and that's why it's important for me, any chance I get, to say that my number one job is to create jobs." 

That's quite a claim Harry.