Woody's Things

Ramblings and Opinons of an old man!

Simple site to log thoughts on current events and activity. Please feel free to give your comments.

Q4 GDP down 3.8 percent, biggest drop since 1982
WASHINGTON (Reuters) - The economy shrank at its fastest pace in nearly 27 years in the fourth quarter, government data showed, sinking deeper into recession as consumers and business cut spending.
So what is it? In all the "scare tactics", it appears the media and our President can't get the facts straight - Or maybe the facts are in the way... But what is is, worst economy since the depression, worst economy since 1982, or since "all" of 2008 had more growth than 2001 (2001 total growth = .08% and 2008 total growth = 1.3%) - Is it only the worst economy in since 2001? Don't worry the media want let the flats cloud their agenda!!!