Dow Jones Falls Over 500 Points, Biggest Drop Since May 2010 … So Much for the Debt Ceiling Deal to Stabilize the Economy


I think its safe to say that no one has any faith in Barack Obama as a leader … A Total and Epic Failure.

Americans were told by Barack Obama and his minions that increasing the US debt ceiling was paramount to saving the US economy and stabilizing the economy. What say you Mr. President? Not only has the stock markets been down every day since the debt deal was signed by Obama, but yesterday the Dow Jones fell over 500. Thanks Barack. I guess those in DC who voted for this well labeled … sandwich, now see that many Americans hated this compromise. I wonder why? Now PJ Media asked the question … should Obama resign?

A CEO with such a disastrous first three years as our president has had probably would already have been called upon to resign or been pushed out by his company’s board of directors — more than likely for some time.

Obama has failed in virtually every direction, foreign and domestic. His policies indeed are almost non-existent. He is completely rudderless, unless you accept the view that he is following the prescription of Cloward-Piven and has set out to destroy American capitalism from within.

If that is so — and I don’t really accept it for a variety of reasons — he has failed even at that, because his reelection becomes less likely with every passing day. A Cloward-Piven strategy could not be successful in only four years. America is far too strong for that. In the case of Obama, his policies are leading to something quite the opposite — an epic disaster for the Democratic Party and (modern) liberalism in 2012.

What happened when the US markets caved in like an Obama cheap suit, or is it an empty one … the Asian and European markets followed.

The Astute Blogger has three recommendations that could fix the terrible US and global economy. We especially like number 3. It has become obvious that Obama has become Jimmy Carter. The only way the economy in the late 70′s could get better was that Carter had to be replaced as president in the 1980 Presidential election and replaced he was in a landslide by Ronald Reagan.


What does any good leader do when Rome the United States economy is falling around him, why Obama plays the fiddle of course. Actually he had a birthday barbecue. But before that he ran off to a fundraiser in Chicago. Priorities Mr. President, priorities.

The question really needs to be asked, is Obama in over his head or is this intentional? In either case Barack Obama must go. Do your patriotic duty Mr. President and just resign. It is hard to believe that Obama can be reelected in 2012. If he is, it is the end of America.

If you liked this post, you may also like these:

  • As the Debt Ceiling Deal is Celebrated … US Treasury Borrowing at 100% of GDP … America Disapproves of the Raising of Debt Ceiling
  • Remember this Promise from Obama: If Debt Ceiling Limit Deal Passed … It Would Avert a US Economic Crisis
  • Democrats About to Raise Debt Ceiling by $1.8 Trillion While They Tell You to Cut back
  • Gallup Poll: 47% – 17% in Favor of Lowering Debt Ceiling … As Obama Drags His Feet
  • TEA PARTY Already Has WON & Why Establishment GOP’ers Must Go … Senator Jon Kyl (AZ-R) Says Tea Party Republicans Remind Me a Lot of Senator Obama Who Was Also Refused to Raise Debt Limit

  • Comments

    5 Responses to “Dow Jones Falls Over 500 Points, Biggest Drop Since May 2010 … So Much for the Debt Ceiling Deal to Stabilize the Economy”

    1. NGBoston on August 5th, 2011 7:30 am

      Another HUGE blip on Obammy’s radar screen—doncha’ think?

    2. Moi on August 5th, 2011 1:49 pm

      I’m SO glad I pulled every penny out of my ROTH account and put it in the saving account at my bank where it belongs. Number one, it is no long LOSING value. Number two, I can get to it when I want it.

      I am still putting same amount in every month and haven’t touched it except once to help pay for my daughter’s wedding. Funny thing (which isn’t so funny) is that in the year I’ve had it in my bank, it has gained more than the previous 4 yrs. due to the way my investor was buying stock and constantly losing/wasting my money. Had he put it in GOLD as I wanted, I’d have 5 times as much. Now it is too late to buy that :(

    3. Moi on August 5th, 2011 1:50 pm

      OH…and by saying I’m gaining more money, let me clarify it means I’m no long losing more than I invest! So when the market crashes down least BB&T will probably be solid as it was last depression :)

    4. Bill B on August 5th, 2011 6:51 pm
    5. Moi on August 5th, 2011 7:15 pm

      When is the gov’t going to stop insisting we “invest” a specific way if our companies match our contribution? Maybe when they stop overspending our money? Well, that may be never. Depends on next November.

      IMO if you put in a savings, what is the difference? I say stop depending on anything other than yourselves. Who else can you really depend on?

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