I know we facing a recession
But the music y’all making gon' make it the Great Depression

from Jay Z – D.O.A. (Death of Auto-Tune) Lyrics on Rap Genius

Meaning

Even before the “Great Recession” of 2008-2009, album sales had been declining for several years. Jay is saying that if people keep making mediocre auto-tune music, it’s only going to get worse

(Depression-era music is great though; does that blunt the diss?)

By “recession” he may be also referring to the lack of quality rap music at the time and the ‘auto-tuners’ are going to make it worse — may also mean they are making music that is greatly depressing.

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