Think the U.S. economy is bad?

Try living in Japan, the world's second largest economy. In the last three months of 2008, their economic output shrank at a 12.7% annual rate, far faster than the U.S. or European economies during the same time frame.

Ouch.

I had begun to hope that things were bottoming out, but between the budget problems many states are facing and this story, I don't think we've stopped our descent yet...