Econopocalypse worse for economy than 9/11

It's official: the financial collapse caused by inadequate banking regulation have harmed America's economy worse than the 9/11 attacks did:

The Commerce Department said Friday that retail sales fell by 2.8 percent last month, surpassing the old mark of a 2.65 percent drop in November 2001 in the wake of the terrorist attacks that year.

U.S. retail sales collapse

(via Beyond the Beyond)