Posted on 08/08/2011 11:28:07 AM PDT by therightliveswithus
UPDATE: Dow down 460 at 2:00 est.
The Dow Jones Industrial Average is taking a beating as President Obama continues to speak. Towards the beginning of his speech, the index was down 375 points. As I write now it is down 450. Obama's blaming of everyone else and trotting out the same old "solutions" are not helping.
The S&P average is down a total of 5% on the day. The NASDAQ is also down 5% on the day. This is becoming a run. We need leadership now.
In addition, between the time he announced the speech and gave it, the Dow fell another 100 points.
Last week the news used the term “correction”. Today’s reaction is pure FEAR at the downgrade and of obama and his policies.
Everytime you refresh the page it goes down....amazing...
Had they passed real cuts this year, yes, yes it would.
Instead, we’ll have to wait until 2012. Everyone I know is taking out their money and just sitting on it until then.
Bump
dOW -506
10849 looks like the new bottom. He’s wound back to Oct. 4th of last year.
Still up 2.7 percent from the low on the year.
The Treasury is buying futures like there is no tomorrow...
Now the rich people aren’t so rich
Just another way of making things “fair”
Another good day for obama, changing America
obama and geithner,growing the middle class.... one former millionaire at a time
Yeah, I’m listening to Rush too.
Worst President in the history of America.
Ya know? Jimmah Carter is still eligible to run...
obama and geithner,growing the middle class.... one former millionaire at a time
Looks like we are headed for Winston Churchill’s end point of socialism - equality in misery.
The list, ping
Let me know if you would like to be on or off the ping list
crap!!! I just clicked it 10 times in as many seconds and it went from 503 to 525
http://www.google.com/finance?client=ob&q=INDEXDJX:DJI
It is being reported that people are jumping out of their building windows on the news, thankfully, it’s mostly at retirement homes and there only jumping about 4ft. However, those who survived stated that although they had lost their retirement savings they were going to relect Obama in 2012 because the GOP want to kill them and cut thier mostly un-earned entitlements ...
Only 75 points? Would have expected more.
The downgrade is EXACTLY what Obama and Crew said would NOT happen if only Boehner and the boys would go along with raising the “debt ceiling”. Boehner and the boys were scared. OF WHAT?! The election in November was about stopping Obama’s antics and reckless spending of money WE DO NOT HAVE. The Tea Party members of Congress (for the most part) knew this. Obama said, “Don’t call my bluff!” - He acknowledged that he was BLUFFING!! - S&P said it, CUT, CAP & BALANCE! The House passed CUT, CAP & BALANCE; but it was not even discussed by the vaunted Senate.
Grow up, Boehner! Quit blubbering about how successful YOU’VE BEEN, golfing with the traitor-in-chief, and selling us out!!
Shut up!
Damn reality hurts.
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