WSJ: Economy Dives as Goods Pile Up

[LuckyTheDog]

The U.S. economy turned in its worst performance in a quarter-century in the closing months of 2008, and risks are growing that the current months could be even worse.

Gross domestic product, a gauge of the nation's output, fell at a 3.8% annual rate in the fourth quarter, adjusted for inflation, from the previous quarter. The decline was the largest since 1982, though still well below the postwar record 10.4% quarterly drop seen in 1958.

While the fall was not as steep as expected -- most forecasts had GDP falling by 5% to 6% -- output was boosted somewhat by a rise in inventories of goods that were produced but not sold in the fourth quarter. Excluding the inventory adjustment, GDP fell at a 5.1% rate, which economists say more accurately reflects the nation's weakness.

http://online.wsj.com/article/SB123332206003833245.html?mod=todays_us_nonsub_page_one

We're totally fucked.

[fishnfla]

1. I got an idea to stimulate the economy

everytime there is bad economic news, 10 republicans get sent to cuba

[FreakinDJ]

2. Funny - Sounds just like the "Great Depression"

but then again its all in our minds