WASHINGTON, DC, 06:43 AM, SUN NOVEMBER 22 | Advertise on Wonkette | tips@wonkette.com | SUBMIT A TIP | RSS
OUR FLOURISHING ECONOMY

Happy Worst Recession In Half a Century Day!

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]


11:50 AM on Wed April 29 2009
By Ken Layne
1419 Views

  1. V572625694 says at 11:54 am, April 29th, 2009

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

  2. Naked Bunny with a Whip says at 11:56 am, April 29th, 2009

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

  3. Go Figure says at 11:57 am, April 29th, 2009

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

  4. Custerwolf says at 11:57 am, April 29th, 2009

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

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

  5. Vartan84 says at 11:58 am, April 29th, 2009

    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?

  6. Tommy Says Soooo, Jugdish! says at 11:59 am, April 29th, 2009

    There is a Specter haunting America.

  7. V572625694 says at 11:59 am, April 29th, 2009

    Our “fourishing” economy?

  8. SayItWithWookies says at 12:01 pm, April 29th, 2009

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

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

  9. Lascauxcaveman says at 12:02 pm, April 29th, 2009

    “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.

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

  11. magic titty says at 12:03 pm, April 29th, 2009

    “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!”

  12. Lascauxcaveman says at 12:04 pm, April 29th, 2009

    V572625694: Our “fourishing” economy?

    Maybe they meant “four-flushing” economy.

  13. Tommy Says Soooo, Jugdish! says at 12:05 pm, April 29th, 2009

    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.

  14. queeraselvis v 2.0 says at 12:05 pm, April 29th, 2009

    I for one welcome our new Joad overlords.

  15. magic titty says at 12:06 pm, April 29th, 2009

    “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

  16. Lascauxcaveman says at 12:10 pm, April 29th, 2009

    SayItWithWookies: 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.

  17. Georgia Burning says at 12:11 pm, April 29th, 2009

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

  18. bfstevie says at 12:12 pm, April 29th, 2009

    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.

  19. bitchincamaro says at 12:15 pm, April 29th, 2009

    …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?

  20. zenferret says at 12:18 pm, April 29th, 2009

    Vartan84: 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?

  21. Come here a minute says at 12:19 pm, April 29th, 2009

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

  22. SayItWithWookies says at 12:20 pm, April 29th, 2009

    Lascauxcaveman: I’ll get my cat mug…

  23. proudgrampa says at 12:22 pm, April 29th, 2009

    We ARE so freakin’ doomed.

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

  24. Prommie says at 12:22 pm, April 29th, 2009

    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.

  25. hobospacejunkie says at 12:24 pm, April 29th, 2009

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

  26. loquaciousmusic says at 12:24 pm, April 29th, 2009

    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

  27. Prommie says at 12:24 pm, April 29th, 2009

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

    That would be the 60s, caveman.

  28. Hooray For Anything says at 12:24 pm, April 29th, 2009

    I can haz no job now

  29. shortsshortsshorts says at 12:24 pm, April 29th, 2009

    BUT THERE IS GOOD NEWS!

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

  30. Prommie says at 12:25 pm, April 29th, 2009

    “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.

  31. V572625694 says at 12:26 pm, April 29th, 2009

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

  32. Vartan84 says at 12:27 pm, April 29th, 2009

    zenferret: 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…

  33. Prommie says at 12:27 pm, April 29th, 2009

    “Bring out your dead Joads.”

  34. V572625694 says at 12:28 pm, April 29th, 2009

    V572625694: “Hoot-Smalley tariff,” dipshit.

  35. SayItWithWookies says at 12:28 pm, April 29th, 2009

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

  36. 19kevin8 says at 12:29 pm, April 29th, 2009

    bitchincamaro: because they’re the gods of prudent financial planning!

  37. Paterlanger says at 12:31 pm, April 29th, 2009

    Come here a minute: 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?”

  38. magic titty says at 12:37 pm, April 29th, 2009

    V572625694: Jesus Christ.

  39. Custerwolf says at 12:43 pm, April 29th, 2009

    Come here a minute: Take two, they’re cheap.

  40. AfghanVet says at 12:43 pm, April 29th, 2009

    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.

  41. Wet Work says at 12:46 pm, April 29th, 2009

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

  42. bitchincamaro says at 12:46 pm, April 29th, 2009

    “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.

  43. Mustang says at 12:49 pm, April 29th, 2009

    Paterlanger: 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.

  44. Custerwolf says at 12:49 pm, April 29th, 2009

    bitchincamaro: Well shit - looks like her 65 year-old mother gets to take over her job.

  45. Lascauxcaveman says at 12:50 pm, April 29th, 2009

    SayItWithWookies: 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.

  46. Cape Clod says at 12:50 pm, April 29th, 2009

    Come here a minute: Bravo. You must be a Lit Major. How’s your job at Target?

  47. 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.

  48. Mad Farmer Manifest says at 12:51 pm, April 29th, 2009

    Custerwolf: “No, for fuck’s sake! Walk NEXT to the car. Lazy fucking elephant.”

  49. Come here a minute says at 12:51 pm, April 29th, 2009

    bitchincamaro: You can save some of the money you don’t have with Target store brand hobo-style beans.

  50. Custerwolf says at 12:52 pm, April 29th, 2009

    Wet Work: Fortunately, bankruptcy only applies to my morals at this point.

  51. Custerwolf says at 12:54 pm, April 29th, 2009

    Mad Farmer Manifest: Not to mention his trunk is no doubt overpacked.

  52. Tommy Says Soooo, Jugdish! says at 12:56 pm, April 29th, 2009

    Custerwolf: Now there you go ruining a perfectly depressing story with some remarkably uplifting….news.

  53. Citizen Kang says at 12:56 pm, April 29th, 2009

    Go Figure:

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

  54. shortsshortsshorts says at 12:56 pm, April 29th, 2009

    bfstevie: 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.

  55. Mad Farmer Manifest says at 12:58 pm, April 29th, 2009

    AfghanVet: 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.

  56. Custerwolf says at 1:00 pm, April 29th, 2009

    Citizen Kang: How awkward, arriving at the party wearing the same outfit.

  57. Wet Work says at 1:01 pm, April 29th, 2009

    Come here a minute: “hobo-style beans” Why not? I’m wearing hobo-style clothes.

  58. Naked Bunny with a Whip says at 1:03 pm, April 29th, 2009

    Wet Work: Only rich hobos have clothes, elitist bastard.

  59. Custerwolf says at 1:05 pm, April 29th, 2009

    Naked Bunny with a Whip: Yeah, all I’ve got is a bandana and a stick.

  60. Mad Farmer Manifest says at 1:12 pm, April 29th, 2009

    Custerwolf: I’ll be right over.

  61. Custerwolf says at 1:13 pm, April 29th, 2009

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

  62. Custerwolf says at 1:14 pm, April 29th, 2009

    Mad Farmer Manifest: Door’s unlocked…

  63. Hooray For Anything says at 1:20 pm, April 29th, 2009

    Custerwolf: 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.

  64. Custerwolf says at 1:22 pm, April 29th, 2009

    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.

  65. Custerwolf says at 1:23 pm, April 29th, 2009

    Hooray For Anything: Thanks - that should keep me laughing through the first half of my shift.

  66. Ken Layne says at 1:25 pm, April 29th, 2009

    Lascauxcaveman: 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.

  67. Custerwolf says at 1:32 pm, April 29th, 2009

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

  68. Tommy Says Soooo, Jugdish! says at 1:33 pm, April 29th, 2009

    Custerwolf: There goes my next ten minutes.

  69. WadISay says at 1:36 pm, April 29th, 2009

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

  70. LittlePig says at 1:37 pm, April 29th, 2009

    Paterlanger: “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…”

  71. Wet Work says at 1:46 pm, April 29th, 2009

    Custerwolf: I have an old top hat and a pickle barrel, but it’s fleece-lined.

  72. JamesMichaelCurley says at 1:50 pm, April 29th, 2009

    V572625694: Thats “Smoot-Hawley Tariff Act.” Did she realy say Hoot-Smalley?

  73. Lazy Media says at 2:56 pm, April 29th, 2009

    Lascauxcaveman: So, you never heard of the draft? Mandatory selective service, ran from 1940 to 1974? Anybody? Bueller? Bueller?

  74. Wet Work says at 3:05 pm, April 29th, 2009

    Wet Work: Gotta dress for the job you want.

  75. Lascauxcaveman says at 4:29 pm, April 29th, 2009

    Ken Layne: 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!)

Leave a Reply