U.S. Commerce Department: U.S. economy worst in 50 years

.bizjournals ^ | April 29, 2009, | Triangle Business Journal

[Flavius]

It's official. The United States is mired in its worst economic downturn in half a century, the U.S. Commerce Department reported Wednesday.

Data released by the department show that the U.S. economy shrank by 6.1 percent during the first three months of the year – a full percentage point worse than what analysts polled by Thomson Reuters had been predicting.

[J40000]

But... but.... but I thought they said in 1992 that it was the WORST economy EVER! Like in the history of the world!!!

[raybbr]

I'm a little confused....

Stocks end higher as Fed sees recession easing

[qam1]

But, but, but, but the Dow is up 168

[Las Vegas Ron]

Seems like I heard that back in 199 too

[Las Vegas Ron]

199=1999

[w1andsodidwe]

I remember 1959 as an idyllic time. Unfortunately, later that year JFK was elected president. But, 1959 was still Eisenhower and a great time. Maybe they are talking about the early 60’s with JFK and then LBJ. Not such a great time under LBJ. But then I was just a kid. Maybe it was a real dire time in 1959 and I just didn’t notice it.

[Brilliant]

50 years makes no sense. 50 years ago would be 1959, but the economy was not bad in 59.

[PugetSoundSoldier]

It's all lies, LIES, LIES, LIES!

I mean, we heard in 2004 and 2008 that we had the worst economy since the Great Depression, so that would be at least 64 or 68 years...

I mean, John F. Kerry (he served in Vietnam, you know) and Barack H. Obama (a highly regarded community organizer) wouldn't lie to us, would they?

[Texas resident]

Media in lockstep with the ONE. Create a crisis. Solve the crisis. Everyone fist bumps.

[PugetSoundSoldier]

But, 1959 was still Eisenhower and a great time.

Ahhh, Ike. The last President to actually BALANCE the budget and pay down the national debt! No one since has ever actually had a surplus - the national debt has increased every year.

[Jim Robinson]

Merle Haggard;

Stop rolling down hill like a snowball headed for hell?

Stand up for the Flag and let’s all ring the Liberty bell.

Let’s make a Ford and a Chevy,

That’ll still last ten years, like they should.

‘Cos the best of the free life is still yet to come,

An’ the good times ain’t over for good?

http://www.youtube.com/watch?v=auyVyFnOEvQ

[LibLieSlayer]

But... but... but the false messiah is farting Unicorns according to diane sawyer and chrissy cuomo and stuffoneupyourbutticus.

LLS

[LibLieSlayer]

haggard smoked a doobie with willie and then went down and voted for hussein.

LLS

[Ken H]

You're right. Here's a link to the yearly public debt since 1790:

http://www.economagic.com/em-cgi/data.exe/treas/pubdebt

[Recovering_Democrat]

HUSSEIN'S FAULT!

[Jim Robinson]

Why, that dirty, low down... RAT! Used to like his music too.

[LibLieSlayer]

I know... and he used to hate hippies too! ;-)

LLS

[Jim Robinson]

We don’t wear our hair long and shaggy,
like the hippies out in San Francisco do.

[jslade]

JimRob, glad to see you posting. I’m a veteran of FR and glad to see you posting still. God Bless You.