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]
April 19, 2014
Happy Worst Recession In Half a Century Day!
To improve site performance, we did a thing. It could be up to three minutes before your comment appears. DON'T KEEP RETRYING, OKAY?
Also, if you are a new commenter, your comment may never appear. This is probably because we hate you.
Previous post: Emergency Wonk’d: Richmond Edition