Someone had to follow Donviti’s great post up with a clunker. So, let it be me. It’s not much of a post anyway, more like several paragraphs ripped from today’s Times of London. What boggles my mind the most is that there are millions of people in the United States that voted for this Texas idiot, TWICE.
The US economy shrank at its fastest pace in the third quarter since the aftermath of the September 11 attacks, figures released today showed.
The US Commerce Department said that gross domestic product (GDP), which is used as a measure of economic health, declined by 0.5 per cent in the July-to-September quarter.
This is the sharpest fall since the third quarter of 2001, in which America reeled from the 9/11 terrorist attacks.
Analysts believe that GDP has fallen even faster in the last quarter of this year and could drop by as much as 6 per cent in the three months from October to the end of December.