GDP drop worst in 25 years

WASHINGTON - The economy shrank at a 3.8 percent pace at the end of 2008, the worst showing in a quarter-century, as the deepening recession forced consumers and businesses to throttle back spending. Although the initial result was better than economists expected, the figure is likely to be revised even lower in the months ahead and some believe the economy is contracting in the current quarter at an even faster pace.(AP) Where is the idiot who was waiting for the GDP to contract three quarters in a row, so that an official recession could be declared? Is he satisfied NOW that we are in a recession? And have been since December 2007! He should run for Council, as he is JUST as clueless as they are.