The news heading into Monday, January 26, 2009 is simple and dire; the U.S. economy probably contracted the most since 1982 as consumer spending collapsed -- between 5 and 5.5 percent in the last quarter of 2008 -- which means the downward spiral shows signs of neither slowing nor reversing. A contraction of 5 percent to an economy as vast as ours is roughly equivalent to... um... well, nothing short of falling off a cliff, actually.
We're screwed.
Welcome to Great Depression Version 2.0. Please follow these simple installation steps (Step 1 has already been completed for you):
1. Light Fuse
2. Get away.
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