"No I don't think it was a myth at all, anymore than what the recession that the whole country was experiencing was a myth, which obviously seems like it's going to get worse and worse"

This quote by Lester Bangs is describing the concept that the economic crisis the whole country was experiencing was not a myth. Bangs is indicating that the recession is really real and is likely to worsen. He is recommending that the economic downturn is not something that can be disregarded or dismissed as a misconception. Bangs is emphasizing the intensity of the economic downturn and how it is affecting the entire nation. He is alerting that the recession is not something to be ignored which it is likely to worsen. This quote is a pointer that the economic downturn is a very real problem which it ought to not be ignored or ignored.