The EU economy is worseoff now than the U.S. economy, which has actually been surprisingly resilient despite the lack of any support coming from Washington.
The weekend's other new wide release, Sylvester Stallone's R-rated action vehicle Bullet to the Head, got off to an even worse start than Arnold Schrwazenegger's The Last Stand did two weeks ago.
While the Iraqi weapons crisis remains unresolved, American officials have preferred a diplomatic approach to North Korean issues, rather than risk provoking an even worse stand-off with the country's secretive and unpredictable leader, Kim Jong Il.
Responding to the chancellor's statement, Mr Miliband claimed the Budget showed that people would be worseoff in 2015 than when the coalition came to power.