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U.S. Economic Shrinkage Worst in 25 YearsPosted on Feb 27, 2009
Either the U.S. economy was in the pool during the last three months of 2008 or the economic crisis is worse than expected. The nation’s GDP shrank 6.25 percent in the fourth quarter of last year, almost doubling the preceding quarter’s contraction rate of 3.8 percent.
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By godistwaddle, March 2 at 11:58 am #
I don’t understand why the “Masters of the Universe” and numerous Republicans (as well as their complicit Dems) are not dangling from lamp-posts all over the country.
Report thisBy octopus, February 27 at 10:18 pm #
From my experience so far, if they are saying 6.5% then it is probably more like 12%.
Report thisBy Reubenesque, February 27 at 9:35 pm #
Yeah, Ribald.
We bet it all on the house and the roulette wheel fell off it’s spindle.
Report thisBy Ribald, February 27 at 5:54 pm #
(Unregistered commenter)
The chickens have, indeed, come home to roost.
The foxes are guarding the hen-house, the economy has bought the farm, and we all regret counting our eggs before they hatched. We shouldn’t have had our nest eggs all in one basket. Until this economy hits bottom, we’ll all be running around like chickens with our heads cut off.
When it comes to the economy, I’d like to know: Where’s the beef?
Report thisBy skulz fontaine, February 27 at 5:20 pm #
The chickens of the “Reagan Revolution” have finally come home to roost.
Report this