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US economy suffers sharp nosedive
- Text size
BBC
February 27, 2009
The US economy shrank by 6.2% in the last three months of 2008, official figures have shown, a far sharper fall than had previously been reported.
- A d v e r t i s e m e n t
Plunging exports and the biggest fall in consumer spending in 28 years dragged the figure down from the 3.8% estimate the government gave earlier.
The decline was much worse than analysts had expected.
In 2008 as a whole, the economy grew by 1.1%, the slowest pace since 2001. The Dow Jones was down 1.6% in early trade.
Recession warning
Consumer spending, which accounts for about two-thirds of domestic economic activity, fell by a rate of 4.3% in the final quarter – the biggest fall since the second quarter of 1980. This was a revision of the earlier figure of 3.5%.
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February 27th, 2009 at 1:57 pm
Can’t spend what you aint got!
vampirealien Reply:
February 27th, 2009 at 3:03 pm
http://www.youtube.com/watch?v.....re=channel be afraid
JANET JUBILEE Reply:
February 28th, 2009 at 12:00 am
The part about the coffins is old news. We don’t need to see the video gore from Iraq before bedtime! I live only four miles from the CDC and know people who work there. God will deal with these evil people in His own time. I can just look forward to Heaven when it’s all over. In the meantime, I will keep fighting the good fight.
Kermit The Log Reply:
February 27th, 2009 at 3:45 pm
Fuck you ya gay bitch!!!
ICE FARMER Reply:
February 27th, 2009 at 4:26 pm
Bernanke, PLEASE SHUT UP! You are so full of government. Piss down my leg and tell me its raining.
Lookout Reply:
February 27th, 2009 at 7:52 pm
Who gives a shit about some uninformed snot nosed little gay boy who has nothing to offer or say and just wants to see himself on utube? BFD!
dusty Reply:
February 27th, 2009 at 9:02 pm
thank you for officially wasting my time.
listen to woman Reply:
March 1st, 2009 at 4:23 pm
http://www.vran.org/vaccines/f.....son-06.htm
February 27th, 2009 at 2:04 pm
Very soon, the power players are going to pull the plug and send this puppy into freefall- then we’ll have that depression. If you haven’t done so by now you’re fucked, but get as prepared as possible. This is gonna get rocky…
msmadame Reply:
February 28th, 2009 at 10:06 am
Alex,everyone, PLEASE, share this information,
WARNING! Water rationing days away in CALIFORNIA. Says Mayor Villaraigosia/Governor, I just heard the news report on mainstream talk radio 640KFI.
California first than the rest of the South Western part of the U.S.
On March 1, farms in Northern CA will have there irrigation systems turned off for three weeks.
No food no water!
If California goes so goes smaller more helpless states.
This is heartbreaking its as though someone wants to STARVE us out. I would be careful accepting there water rationing devices because ‘they’ will be able to control them remotely.
Good luck, guys!
http://www.businessgreen.com/b.....g-pipeline
kb Reply:
February 28th, 2009 at 10:45 am
I live in Austin.
Travis county water district 17 and we have rationing every summer without fail.
Nothing new here.
February 27th, 2009 at 2:35 pm
I sho hope dat da’ posta’ is being sold fo’ $24.99! I best be gettin’ my roy-al-ties! My likeness can’t be used fo’ free!!
February 27th, 2009 at 2:36 pm
Elites wanting us to fail will come back on them, its how the universe works. The system will fail just as they want but we will not accept their new plans. Putting us through the rinse is only waking us up more and plutos alignment with galactic center is accelerating the process. government will shrink and all but dissapear by 2013. Rocky times are ahead but when we come out th other side the wealth will be redistributed and the withheld technology will advance our society beyond belief. Look forward by prepering and teaching not in anticipation of a police state or that will become your reality.
-0- Reply:
February 27th, 2009 at 9:04 pm
yes.
February 27th, 2009 at 2:40 pm
You havent see anything yet,,save your money or you will be roadkill
seanking177 Reply:
February 27th, 2009 at 3:23 pm
why not spend it on things like GOLD?
Sir Baby De Porky Reply:
February 27th, 2009 at 5:44 pm
You’re hard up , how about learning to wash your ass , like you’re supposed to anyway
as an alleged ” human being ” !!!
Gary Reply:
February 27th, 2009 at 10:56 pm
Save your money??!! LOL! For what?! Toilet paper?
February 27th, 2009 at 2:50 pm
Finally we are seeing the real effects of a government that failed us!!!
I was just remembering that we have PROOF, they failed us.
They admitted that they knew in December 2007 that the economy became an official Recession.
Bernanke, Bush, and Paulson and anyone who said the economy was doing good and stable after that date is a LIAR and FRAUD.
They hid the truth from the public they admitted regarding the recession.
But that does not excuse them coming out and lying about what they all ready knew.
If they had been honest back in 2007, we could have done something about it.
The only purpose for waiting till 2008 October was for FRAUD!!!
If they lied to us then about the economy being sound. Why should we believe Bernanke when he says it “COULD” end by 2009??
Or the report yesterday that banks are borrowing less and therefore things are getting better.
They speak double tongue on banksters lending and borrowing. On one hand they say banksters need money because they have no capitol or can borrow.
But when asked why banksters are not lending, they say it is because they are hoarding.
Hoarding their money but borrowing from us???
The only purpose I can see for why they finally admitted that the recession began in late 2007, is to create the illusion that more time has passed and we are close to the end of the depression.
I remember how I knew the housing collapse began. I knew it because every street had 4-5 “For Sale” signs on them.
I saw yesterday the evidence that we are in a depression. I went to a shopping center at midday.. and there were only 2-3 cars of employees working at the entire center.
I have lived here for over 20 years and most of the shops in development are closed and the ones that have always had traffic were dead empty.
Go ahead and try to tell me what I see… I don’t need an interpreter to know the government failed the people!!!
Lookout Reply:
February 27th, 2009 at 7:58 pm
http://www.youtube.com/watch?v.....mp;index=3
listen to woman Reply:
March 1st, 2009 at 4:23 pm
http://www.vran.org/vaccines/f.....son-06.htm spread this like a virus
PLEASE
February 27th, 2009 at 3:03 pm
bla,bla,bla. The big collapse is coming. Every day it’s coming. Where is it? It’s still not here. Traffic is still fucked up every morning as people are racing to work. Movie theatre parking lot is still full. I went out to eat last weekend and the restaurant was packed.
I went to an rv and camping show a couple weeks ago and there were sold stickers on plenty of rv’s and motor homes in every price range from $15000 to $100,000.
Don’t get me wrong, I am full aware of what’s going on these days but I’m not seeing this big collapse. I wish it would though.
newoods Reply:
February 27th, 2009 at 3:26 pm
All good and lasting things and events in life take time, please have some patience, enjoy things as they are for tomorrow you may not be here to experience them!
-0- Reply:
February 27th, 2009 at 9:08 pm
it’s coming soon to a city near you
HighPlainsDrifter Reply:
February 28th, 2009 at 5:23 pm
Dear ha, ha, ha,
Just because a sold sign in pasted on an RV does not mean it sold to anybody. It’s called baiting. Wizen up.
February 27th, 2009 at 3:33 pm
The Economic System that was planned to fail!
Warn people!!
http://WWW.WARNTHEPEOPLE.ORG
February 27th, 2009 at 3:48 pm
Can’t wait for the shit to hit the fan!!!! Don’t be affraid……Be joyful
February 27th, 2009 at 4:43 pm
HMMMMM.People with no jobs have no spending money.
I can’t understand why the economy is falling.
February 27th, 2009 at 5:20 pm
I heard the RV business is really taking off. Are people trying to have a portable house, just in case? Sounds like a plan.
Gary Reply:
February 27th, 2009 at 10:57 pm
Yeah, but not a particularly good one. Nowhere to run, nowhere to hide.
Big Bear, Bearsden, ID Reply:
March 1st, 2009 at 1:34 pm
Not so true. Look at land auctions. I bought 40 acres in Lassen Co, CA, for $500 in ‘06. The land is miles from anywhere, but there are springs nearby. I also have a frontage lot on Oregon’s Imnaha River that I paid $400 for. Your best bet is to know someone who has already fled to a rural area and who will let you bunker down in return for your support and assistance.
Home is where you park it!
kb Reply:
February 28th, 2009 at 10:46 am
Your guess seems as though it is the most logical reason.
February 27th, 2009 at 7:17 pm
They’ve actually got framed posters of Obama at Wal-mart (just witnessed it today).
I also noticed today that the “Obama ‘08″ hats, t-shirts, etc. are starting to fade out. Bumper stickers aren’t though, probably because they take actual physical labor to remove.
I’m gonna take a wild stab at it and say. . .oh. . .six months and nobody will even admit they owned this crap.
Your guess?
Call me Da' Prez Reply:
February 28th, 2009 at 8:12 pm
No sheeot negro! I’m trying ta’ clear out all my mer-chan-dise befo’ my jig is up!
Big Bear, Bearsden, ID Reply:
March 1st, 2009 at 1:36 pm
His fifteen minutes is almost up.
The thrill up MSM’s leg will last much longer than popular support. Chrissy Matthews will be BO’s Tokyo Rose.
February 27th, 2009 at 7:39 pm
The organization of dumb american cowards for dumb american cowards by dumb american cowards.
You like it?
February 27th, 2009 at 8:26 pm
The End Is Near.
February 27th, 2009 at 9:29 pm
How many times have we heard that gold is going to soar?
They can’t hold it back. They can’t stop gold from going up up up up up up up up up.
Um, yes they can and they do.
The gold hype is getting old. Sorry to break it to you guys but the powers control the gold itself and the price of it.
The powers withhold the supply of gold, then the gold dealers say “oh my god oh my god you can’t get gold coins”. The price goes up. Then the powers let some supply go and the price comes back down. Then the cycle starts over.
The result: the people are robbed of yet more money. Ok.
1 TRUTH Reply:
February 28th, 2009 at 7:23 pm
YEP!!!
I’M RIGHT THERE WITH YOU ON THIS ONE!!!
JUST ANOTHER WAY TO ROB PEOPLE!!!
Back in the great depression when they outlawed people having gold… it was a mandatory 10-20 years for getting caught with it.
frog turns into a person quickly: F-A-I-R-Y T-A-L-E
frog turns into a person over “zillions & zillions” of years: E-V-I-L-U-T-I-O-N
http://www.fool4given.com/books/301proofs.pdf
http://www.eternal-productions.org/101science.html
http://www.discovery.org/artic.....Fakest.pdf
February 27th, 2009 at 10:47 pm
Our government stimulus plan adds more fuel for the fire. Those who govern never thought to to bail out the people. 320 million Americans SHOULD HAVE RECIEVED A REAL STIMULUS CHECK-ONE MILLION TO ALL TAX PAYERS. THE PEOPLE WOULD’VE FIXED THE ECONOMY-BUYING FORECLOSED BANK OWNED HOMES,REPOED CARS,AND SO ON. THE MONEY WOULD HAVE WENT TO THE BANKS ANYWAY, SURE BANKS WOULD LOSE PROPERTIES,BUT IN DOING SO THEY WOULD IMPROVE THE QUALITIES OF ALL LIFE. THIS WOULD HAVE ONLY COST OUR GOVERMENT 0.03% OF THE CURRENT BAIL-OUT PLAN. OUR GOVERNMENT WOULDN’T EVEN PISS ON OUR MOUTHS IF THEY WERE ON FIRE, AND BETTER YET-WOULD CONVINCE MORE AND MORE TO PACK SHIT IN OUR MOUTHS OURSELVES TO SLOWLY BURN IN THE FECAL MATTER. FUCK UTOPIA-GHETTOS FOR ALL. LIBERTY IS FINE -AS LONG AS YOUR BROKE AND OBEY
February 27th, 2009 at 10:48 pm
Lets just print more cash, and give it to more failed corporations to blow on crazy bonuses…The problem with this government is that they never put the money where it is really needed. You can not convince them to give it to the people that are loosing their jobs, homes, health, but they give it to a bunch of already god damm rich bank execs. and insurance companies and let them throw it into the wind. The reason this govt is about to fail is because they just dont get it. Its a cluster fuck of puppits, crooks, power mongers, lobbiest, all feeding off each other. Nothing that makes any damm since ever makes it through. Its so fucking far gone it make me fucking sick. Just Fuck it…they want it to fail, they will make sure it does…
listen to woman Reply:
March 1st, 2009 at 4:23 pm
read and then spread this like a virus
PLEASE
http://www.vran.org/vaccines/f.....son-06.htm
February 28th, 2009 at 12:31 pm
And they will see more decline in all sales aspects. It will trinkle down to even candies and other shit like that. Taxes will be up the yen yang and no one will be able to afford anything in the very near future. Just wait and see.
Bobbipin Reply:
February 28th, 2009 at 1:20 pm
I happen to agree with you.
But I see opportunity in this crisis.
I was not a beneficiary of the old paradigm. A nobody.
But that’s all changing.
There’s a whole new batch of newly minted losers out there. They just don’t know it yet.
Their future is my past.
They live in the Limbaugh, Hannity, FOX news matrix.
February 28th, 2009 at 1:24 pm
In Dr. Strangelove, the B-52 is approaching the target. Major T.J. King Kong (played by Slim Pickens) does a check list of the items in the standard-issue survival kit:
“Survival kit contents check. In them you’ll find:
– One forty-five caliber automatic
– Two boxes of ammunition
– Four days’ concentrated emergency rations
– One drug issue containing antibiotics, morphine,
vitamin pills, pep pills, sleeping pills, tranquilizer pills
– One miniature combination Russian phrase book and Bible
– One hundred dollars in rubles
– One hundred dollars in gold
– Nine packs of chewing gum
– One issue of prophylactics
– Three lipsticks
– Three pair of nylon stockings.
Shoot, a fella’ could have a pretty good weekend in Vegas with all that stuff.”
So I’d say, yes, you should have a smidgen of gold!
I will include a couple cartons of cigarettes and some whisky in my version. Even though I don’t smoke or drink.
The Italian Stalion Reply:
March 1st, 2009 at 10:28 pm
This one is a true classic. I like that. Sounds allmost like something I seen on a video game. 1 of 3 possible senerios will happen. Either people will keep bending over and keep taking it like sheep, or Christ will return or it may go on like this for about 10 more years until everything turns into one big police state. I dont think our government can over take all 320 million americans now.
We can turn this around. I am going to keep Gods word and keep believing in Gods word. If someone is stuck in a rut I will do my best to help them out.
February 28th, 2009 at 8:08 pm
There are people uniting right now!
http://www.warnthepeople.org/sign-up.html
February 28th, 2009 at 9:11 pm
FEDS GRANT EMINENT DOMAIN AS COLLATERAL TO CHINA FOR U.S. DEBTS!
http://patriotsforamerica.ning.....-domain-as
February 28th, 2009 at 11:05 pm
Obama pushed the economy of the cliff. Bush had us on the edge, but Obama came along and gave it a big shove over. Now we are stuck in a ditch.
March 1st, 2009 at 1:20 pm
Uhhh Mufossa? 0.03% of the current stimulus package comes to 76 cents per US citizen. You’re (<–see how it’s spelled?) only off by $999,999.24!!! Geee…I wonder how the criminal Elite and their (<–see how it’s spelled?) Bankster buddies could have squeezed so much coin from a nation whose masses are in such command of simple mathematic equations? Teach your fucking children people!
March 1st, 2009 at 1:39 pm
Get to know your neighbors.
I’m just glad I’m out of the city.
March 1st, 2009 at 2:20 pm
Isn’t this the very nosedive that last year’s “bailout” was supposed to prevent?
As for any of you Kool-Aid drinking Obama cultists who may be reading this, not only did your lord and savior vote for that criminal bailout of Wall Street scam artists last October, he lobbied the U.S. House to vote for it as well.
March 1st, 2009 at 3:29 pm
speed limits are for the publics protection… why/? speeding causes many.. what? crashes!!! the president and congress passed these stimulus bills with great speed resulting in what??? CRASH
March 1st, 2009 at 3:31 pm
That site freemaninstitute.com has too many Murdocks writing stories for me to call it credible. It’s like a site out there called “most holy family monestary”. They are brothers who come off as Brothers, as in ordained brothers, trying to explain the errors of the modern day church. Somehow or another, they seem to have a hge internet presence. If you google earth their address, it’s certainly not a monestary where they reside and there is no church in site.
March 1st, 2009 at 3:35 pm
speed limits are in place for the publics protection. why?? speeding causes many what?? CRASHES!!! the president and congress passed the stimulus bills with great speed.. result??? CRASH!!!!
March 1st, 2009 at 8:02 pm
fcuk o”BAAAA”ma + his zio-neo-scum criminal cronies !!!
Info-Warriors …………………………. victory or death !!!!!!
It’s revolution time