In my continuing quest to bring Kossacks all the good news there is:
Feb. 7 (Bloomberg) -- Advanced economies are already in a depression and the financial crisis may deepen unless the banking system is fixed, International Monetary Fund Managing Director Dominique Strauss-Kahn said.
"The worst cannot be ruled out," Strauss-Kahn said in Kuala Lumpur, where he was attending a gathering of central bankers from Southeast Asia. "There’s a lot of downside risk."
Okay, that isn't the good news part...
The U.S. economy has lost 3.57 million jobs since a recession started in December 2007, its biggest employment slump of any economic contraction in the postwar period as companies from Macy’s Inc. to Caterpillar Inc. cut costs. The U.K. economy will shrink this year by the most since 1946, the IMF forecasts.
Hey, it could have been 4 million, so that's good news.
Link
The Bush/Cheney Depression takes hold, and Republicans want to give tax cuts to people who don't need them.