The GDP shrinks 3.8% in the 4th quarter of 2008

I know this sort of like beating a dead horse, but the fucking economy sucks:

The United States economy shrank at its fastest pace in a quarter-century from October through December, the government reported on Friday, as consumer spending and business investment collapsed, signaling more economic contraction in the months ahead.

In the broadest official accounting of the toll of the credit crisis, the government reported that gross domestic product shrank at an annual rate of 3.8 percent in the fourth quarter of 2008. While that was less than economists’ expectations of a 5.5 percent drop, the decline would have been much steeper — more than 5 percent — if shipments of goods had fallen as sharply as orders.

On a personal note, I will be graduating from Grad School in May during the worst economic crisis in a long time. That means very few jobs. Lucky me.