Happy Worst Recession In Half a Century Day!

It's official for Sad America: As the economy shrunk another 6.1% in the first quarter of 2009, the total GDP loss for this recession (so far!) is 3.3%, making this the worst recession since the legendary "Elvis Downtown" of 1957-58. And there's only one economic collapse larger than our current horror: the Great Depression of 1929- c. 1940. We sure hope Obama's 100th Fireside Chat tonight is a doozy! [ Bloomberg ]