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Happy Worst Recession In Half a Century Day!

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Ain't no depression in Heaven.It’s official for Sad America: As the economy shrunk another 6.1% in the first quarter of 2009, the total GDP loss for this recession (so far!) is 3.3%, making this the worst recession since the legendary “Elvis Downtown” of 1957-58. And there’s only one economic collapse larger than our current horror: the Great Depression of 1929-c.1940. We sure hope Obama’s 100th Fireside Chat tonight is a doozy! [Bloomberg]

About the author

A writer and editor of this website from 2006 to early 2012, Ken Layne is occassionally seen on Twitter and writes small books and is already haunting you from beyond (your) grave.

View all articles by Ken Layne

Comments

Hey there, Wonkeputians! Shypixel here to remind you to remember our Commenting Rules For Radicals, Enjoy!

  • V572625694

    The Dow’s up, though, so the Moneyed Interests are seeing everything turn their way….finally!

  • Naked Bunny with a Whip

    /me raises his glass in a toast, then takes a drink…then another…and another and another and another…

  • Go Figure

    It’s Official! The shit has hit the fan.

  • Custerwolf

    Those kids are about to get a whole lot more uncomfortable.

    http://i389.photobucket.com/albums/oo336/brontie2/ele.jpg

  • Vartan84

    Never fear, forthcoming Wonkette series “All the Presidents’ Graves” will single-handedly save the economy AND rescue us all from the clutches of birdswine flu! Do I hear an amen?

  • Tommy Says Soooo, Jugdish!

    There is a Specter haunting America.

  • V572625694

    Our “fourishing” economy?

  • SayItWithWookies

    …worst recession since the legendary “Elvis Downtown” of 1957-58.

    Even worse than the “Petula Clark Downtown” of the early seventies?

  • Lascauxcaveman

    “Elvis Downtown” of 1957-58

    I always wondered why Elvis joined the service; just couldn’t find a real job in those troubled economic times.

  • JimBob

    I’ll have a can of Hobo Beans tonight to celebrate.

  • magic titty

    “Johnny’s in the basement
    Mixing up the medicine
    I’m on the pavement
    Thinkin’ about the government
    The man in the trench coat
    Badge out, laid off
    Says he’s got a bad cough
    Wants to get it paid off!”

  • Lascauxcaveman

    [re=303058]V572625694[/re]: Our “fourishing” economy?

    Maybe they meant “four-flushing” economy.

  • Tommy Says Soooo, Jugdish!

    These stories are all part of an intellectual experiment…how many depressing news bits does he take to keep the average man from fapping?

    Not enough but getting closer.

  • queeraselvis v 2.0

    I for one welcome our new Joad overlords.

  • magic titty

    “Friends, is it a coincidence the last time a recession was this bad, a Democrap, peace-loving beatnik named Dwight D. Eisenhower was in office? Just saying! Makes you wonder . . .”

    Michele Bachmann

  • Lascauxcaveman

    [re=303066]SayItWithWookies[/re]: Heh. You and I often post slightly different comments on the same gags. We should get together for a webcam conference and show Ken and that Sicha guy how its done.

    We could even make sure we’re each properly lit, and in the center of the camera’s viewing area.

  • Georgia Burning

    unfortunately, all those central valley farms that used to offer picking jobs for 3 cents a bushel are now covered by foreclosed subdivisions. Sigh…

  • bfstevie

    Where did Ken Layne get a picture of the vehicle that’s at the center of General Motors’ big reorganization plan? The plan isn’t due for another month.

  • bitchincamaro

    …chief U.S. economist at Morgan Stanley in New York.”

    What the hell does that even mean?? Is he on the fed payroll? And why would we believe anything coming from MS, regardless?

  • zenferret

    [re=303055]Vartan84[/re]: I’m looking forward to visiting (and spitting and shitting on) the graves of our last pair of (vice) president and trained monkey.

    Can Wonkette make them die so we can all visit their graves?

  • Come here a minute

    I won’t believe we’ve hit rock bottom until a young woman offers me her breast.

  • SayItWithWookies

    [re=303077]Lascauxcaveman[/re]: I’ll get my cat mug…

  • proudgrampa

    We ARE so freakin’ doomed.

    Time to buy gold, silver and oil. And guns. And bullets. And Hobo beans. Also.

  • Prommie

    After teh black plague of the 1300s, the survivors enjoyed a period of great prosperity and cultural flowering, which eventuality resulted in the Renaissance. So, we got that going for us. Which is good.

  • hobospacejunkie

    We’re as doomed as doomed can be, I must say.

  • loquaciousmusic

    I know what The B-52s would suggest! Fixing up the basement, stocking it full of jelly jars and heavy equipment, and learning to print TEN, TWENTY, THIRTY MILLION DOLLARS!

    http://www.youtube.com/watch?v=0d8g-yRhlY0

  • Prommie

    “Even worse than the “Petula Clark Downtown” of the early seventies?”

    That would be the 60s, caveman.

  • Hooray For Anything

    I can haz no job now

  • shortsshortsshorts

    BUT THERE IS GOOD NEWS!

    Swine Flu will kill us all before our houses are foreclosed on. REJOICE!

  • Prommie

    “I won’t believe we’ve hit rock bottom until a young woman offers me her breast.”

    Bravo. Comment of the year. Awesomely awesome. Its huge.

  • V572625694

    [re=303073]magic titty[/re]: Did ya see on TPM where she talked about the “Hoot-Smalley”? Jeebus that woman is entertaining.

  • Vartan84

    [re=303086]zenferret[/re]: Sorry zenferret but while our obscure 19th century presidents were ok with being buried out in random regular cemeteries with the regular folk, the tradition for presidents graves are now totally restricted to being on the grounds of their presidential libraries. Every president out of office plans their library, and their grave there as a result. This means Bush’s would likely be at his library, and as an extension be government group (right? maybe?) and defiling it would be like a felony or something, not to mention watched by guards and stuff. VPs haven’t died in awhile but they don’t get libraries so who knows where they’ll end up but knowing Cheney it’ll be deep in some crypt lair which is blurred out of Google maps… and reality…

  • Prommie

    “Bring out your dead Joads.”

  • V572625694

    [re=303101]V572625694[/re]: “Hoot-Smalley tariff,” dipshit.

  • SayItWithWookies

    [re=303097]Prommie[/re]: That would be me, also. Yes, I could’ve looked it up — but in our fourishing economy who has the time?

  • 19kevin8

    [re=303084]bitchincamaro[/re]: because they’re the gods of prudent financial planning!

  • Paterlanger

    [re=303088]Come here a minute[/re]: I know we’ve hit rock bottom because I was in a Target today and an associate asked me if she could help me in any way. During the last ten years that has rarely if ever happened. I’ve been in fast food restaurants and convenient stores during that same ten years where the cashiers actually did not speak at all except to mumble the balance due in a surly tone. That’s what you get for minimum wage, right. “I’m here to take the cash and hand you the bag, asshole” But in this economy the fight for minimum wage tightens up and soon it’ll be the epoch of Lit-major retail. Prepare to be politely engaged. “Is there a particular brand of Hobo Beans I can help you find?”

  • magic titty

    [re=303101]V572625694[/re]: Jesus Christ.

  • Custerwolf

    [re=303088]Come here a minute[/re]: Take two, they’re cheap.

  • AfghanVet

    Nature continues to try and dump some chlorine into the gene pool, but we keep pushing back. She’s going to get pissed soon and then it will be a WHOLE can of whoop ass. I am thinking zombies. WW Z for sure.

  • Wet Work

    If I could afford to pay attention I suppose I would care.

  • bitchincamaro

    “Is there a particular brand of Hobo Beans I can help you find?”

    At which time the employee will be anally crucified because everybody knows that “Hobo” is the brand of the “beans”. Sheesh.

  • Mustang

    [re=303109]Paterlanger[/re]: I know. It’s getting ridiculous. Some of them are so servile, I expect them to roll over to have their bellies scratched. Except Costco. They’re still rude assholes.

  • Custerwolf

    [re=303127]bitchincamaro[/re]: Well shit – looks like her 65 year-old mother gets to take over her job.

  • Lascauxcaveman

    [re=303107]SayItWithWookies[/re]: Well, it is hard to tell us apart in that poorly lit, off-centered videoconference.

    Here’s how you can tell, PRommie: I’m the one with the extra bushy mullet and facial hair; Wookie is the one who looks like a wookie.

  • Cape Clod

    [re=303088]Come here a minute[/re]: Bravo. You must be a Lit Major. How’s your job at Target?

  • TeddyS

    Since the Republicans always vote, “No,” they must enjoy the economy. Waiting for their Free Market Capitalism to right itself is like waiting for the Titanic to pump out some water and get on with the voyage.

  • Mad Farmer Manifest

    [re=303054]Custerwolf[/re]: “No, for fuck’s sake! Walk NEXT to the car. Lazy fucking elephant.”

  • Come here a minute

    [re=303127]bitchincamaro[/re]: You can save some of the money you don’t have with Target store brand hobo-style beans.

  • Custerwolf

    [re=303126]Wet Work[/re]: Fortunately, bankruptcy only applies to my morals at this point.

  • Custerwolf

    [re=303134]Mad Farmer Manifest[/re]: Not to mention his trunk is no doubt overpacked.

  • Tommy Says Soooo, Jugdish!

    [re=303136]Custerwolf[/re]: Now there you go ruining a perfectly depressing story with some remarkably uplifting….news.

  • Citizen Kang

    [re=303052]Go Figure[/re]:

    I like the cut of your jib. Are you Kodos?

  • shortsshortsshorts

    [re=303080]bfstevie[/re]: Everybody knows that the Examiner’s Opinion section is absolute bullshit, and should probably be used for picking up dog-shit, only.

    That is why they have renamed “General Motors” to “Government Motors.” ISN’T THAT HILARIOUS HARR HARR HARR THE EXAMINER IS A REAL HOOT.

  • Mad Farmer Manifest

    [re=303124]AfghanVet[/re]: Ha ha. I keep sounding the immanent zombie alarm, but no one listens. I will cry as I blow their zombie heads off. Then we feast on hobo beans.

  • Custerwolf

    [re=303140]Citizen Kang[/re]: How awkward, arriving at the party wearing the same outfit.

  • Wet Work

    [re=303135]Come here a minute[/re]: “hobo-style beans” Why not? I’m wearing hobo-style clothes.

  • Naked Bunny with a Whip

    [re=303147]Wet Work[/re]: Only rich hobos have clothes, elitist bastard.

  • Custerwolf

    [re=303151]Naked Bunny with a Whip[/re]: Yeah, all I’ve got is a bandana and a stick.

  • Mad Farmer Manifest

    [re=303158]Custerwolf[/re]: I’ll be right over.

  • Custerwolf

    [re=303139]Tommy Says Soooo, Jugdish![/re]: Jesus, for a sec I thought you were going to mention something about my Miracle Bra.

  • Custerwolf

    [re=303169]Mad Farmer Manifest[/re]: Door’s unlocked…

  • Hooray For Anything

    [re=303158]Custerwolf[/re]: Look at Ms. Fancy Pants here with her bandana and a stick. I sold those long ago to buy that iFart app on my iPhone.

  • Custerwolf

    Well, I just got called in to work (not to rub it in), so I’ll catch you guys after I get off.

    Yes, I said get off.

  • Custerwolf

    [re=303188]Hooray For Anything[/re]: Thanks – that should keep me laughing through the first half of my shift.

  • Ken Layne

    [re=303077]Lascauxcaveman[/re]: Ha, we FAILED mightily there. Because goddamned Choire insisted that he had some way to do actual split screen, but instead he just put both full screens side-by-side. I am in charge this week … which either means, I will not do it at all, or I will make it 3 minutes long and filled with puppetry/sound effects.

  • Custerwolf

    Huh, so that was Ken I passed in the hall as I was leaving.

  • Tommy Says Soooo, Jugdish!

    [re=303173]Custerwolf[/re]: There goes my next ten minutes.

  • WadISay

    Michele Bachmann would point out that it’s interesting that both this recession and the Great Depression began under Democrat presidents. Just saying.

  • LittlePig

    [re=303109]Paterlanger[/re]: “I find Green Mountain Hobo Beans to be exceptionally fine, with a strong maple start and a lingering vanilla finish. These Upper Valley beans are a bit roguish, but the initial sassiness soon gives way to a fresh taste reminiscent of morning on the Connecticut River…”

  • Wet Work

    [re=303158]Custerwolf[/re]: I have an old top hat and a pickle barrel, but it’s fleece-lined.

  • JamesMichaelCurley

    [re=303106]V572625694[/re]: Thats “Smoot-Hawley Tariff Act.” Did she realy say Hoot-Smalley?

  • Lazy Media

    [re=303067]Lascauxcaveman[/re]: So, you never heard of the draft? Mandatory selective service, ran from 1940 to 1974? Anybody? Bueller? Bueller?

  • Wet Work

    [re=303236]Wet Work[/re]: Gotta dress for the job you want.

  • Lascauxcaveman

    [re=303200]Ken Layne[/re]: Allow me to be your screenwriter. By which I mean, here’s a quick suggestion: Pick out a few topics you know you can make the funni on and keep it fairly brief.

    (Can’t wait for those royalty checks to come rollin’ in. Yeah!)