U.S. Economy: “I Was In The Pool!”
The government’s massive and ongoing $11.6 trillion “economic stimulus” package has failed to turn around a free-falling U.S. economy.
In fact, the U.S. gross domestic product shrunk by 6.2% in the fourth quarter, much deeper than government analysts expected.
It was the worst quarterly “shrinkage” experienced by the GDP in 27 years.
Reached for comment, the U.S. gross domestic product screamed, “I was in the pool! I was in the pool!”
Comments
By Roofus on February 27th, 2009 at 4:41 pm
We all knew the “stimulus package” would fail to revive our economy. Gasoline predictably spreads a fire and socialism decimates free markets. We got a socialist in Washington. Expect a lot more shrinkage…
By Bard of Beaufain St on February 27th, 2009 at 5:59 pm
By BIN News Editorial Staff on February 27th, 2009 at 8:52 pm
sic(k) willie has no clue what he’s talking about. His financial experience is from counting beer soaked dollars from his band’s tip jar and trying to figure out how much to pay each week to keep his bar tab open in the Vista pubs.
It took the previous administration 8 years to dig the USA into this hole.
You heard right. Who else to blame? “Conservative” republicrats were in power for 8 long years. And brought us the worst economy in 70 years or more. And how many wars are we stuck in? “Mission Accomplished” poster on a carrier?
Geeeeeeze Thanks guys. And thanks sic(k) willie for another brainless post.
BIN News Editorial Staff
Flair and Balanced
By Pat Hendrix on February 28th, 2009 at 3:51 pm
Too bad Obama wasn’t able to turn around the economy during the 4th quarter of 2008 (October, November and December 2008). Probably didn’t help that he wasn’t sworn in until January 20, 2009.
By the way, the 11.6 trillion number you keep using is completely false. It’s $787 billion. By hey, what’s 10.5 trillion here or there when you’re being dishonest?
By Natasha on March 1st, 2009 at 7:40 am
great…