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((((Breaking)))) Economy Contracted By 3.8% Last Quarter

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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:30 AM
Original message
((((Breaking)))) Economy Contracted By 3.8% Last Quarter
Edited on Fri Jan-30-09 08:31 AM by DemocratSinceBirth
Per CNBC
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DrDan Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:34 AM
Response to Original message
1. oh brother - not going to be a good day on Wall Street
crap
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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:37 AM
Response to Reply #1
3. The Consenus Was For A 5% Drop
Edited on Fri Jan-30-09 08:38 AM by DemocratSinceBirth
Still the largest drop in twenty seven years.

The 82 recession was the worst since The Great Depression but this feels worse and this one hasn't run its course yet. Maybe because I'm working and not in college.

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jefferson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:36 AM
Response to Original message
2. Talking heads on CNN say this confirms that things have "slowed down"...
Edited on Fri Jan-30-09 08:38 AM by jefferson_dem
Not as bad as the 5% drop some were expecting.

Whatever...

It was the biggest decline in 26 years.

W.Booosh = abject FAILure as a POTUS.
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MannyGoldstein Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 08:42 AM
Response to Reply #2
4. Actually, It Confirms That Things Are Speeding Up
Only in the wrong direction, unfortunately.
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 11:55 AM
Response to Original message
5. "Contracted?"????? Oh, my! nt
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Barack_America Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 11:57 AM
Response to Original message
6. BREAKING: Economy.
What more needs to be said.
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Dreamer Tatum Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 12:26 PM
Response to Original message
7. Annualize that, and you have a Depression
Yikes.
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