Monday, March 02, 2009


When Paul Krugman says Yikes!, then so should you. Minus 6.2% GDP *decline* in the 4th quarter of last year. Understand that if this goes on, 10% unemployment by the end of the second quarter 2009 is a certainty. And I'm talking the *official* (doctored) unemployment rate... the real one will be in Great Depression territory, 15%+.

-- Badtux the Depressed Penguin


  1. I think that Collyfornia already has a 10% unemployment rate. But, if you are a Rethuglican you can spin it by saying, "Hey, 90% are employed!" :)

  2. I saw Donald Trump on CNN a couple weeks ago and he said we were already in a depression.
    Of course there's no Rethuglicans that will ever admit Phill Gramm says, we're just a bunch of whiners.


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