From Pine View Farm

Bushonomics: The Hangover 0

And those economists at WellsWachovia should know about downturns (emphasis added):

The U.S. economy contracted violently in the fourth quarter, with gross domestic product falling at its fastest pace in more than 25 years, economists said ahead of what promises to be a grim week of economic news.

“Real economic activity fell off a cliff during the fourth quarter, producing a sharp drop in employment, output and spending,” wrote economists at Wachovia.

It’s gonna take a long time to clean up this mess.

And the worst part is that it’s not over. Economists expect another huge decline in the first quarter, with a smaller contraction in the second quarter.

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