Stock Markets Drop Another 500+ Points … Thanks for the Hope & Change Barack Obama .. Does Not Deter Another Obama Vacation



Good grief, DOW falls another 519 points today. A fantastic follow up to Monday’s fall of 634 points as President Barack Obama went on TV to calm the people and the markets and made matters worse. Lets face it, he has lost all credibility and no one has any confidence in Obama. For the second time in three days the stock markets collapse.

The Dow Jones industrial average is down 519, or 4.6 percent, to 10,720. It’s the third time in the last five trading days that the Dow lost more than 500 points. The S&P 500 is down 51 points, or 4.4 percent, to 1,121. The Nasdaq is down 101, or 4.1 percent, to 2,381.

Yet another Thank you Barack, T-notes are being sold at record lows. Now we hear that Moody’s is warning state and local governments could see credit downgrades. Add that to a 9%+ unemployment rate, an 18.0% underemployment rate, a GDP of 1.8% and an economic situation getting worse not better under Obama. So what does Barack Obama do with the utter mess he has created … why go on another vacation of course.

White House press secretary Jay Carney defends President Obama’s upcoming 10 day trip to Martha’s Vineyard. Carney is asked why the President is taking such a vacation when he constantly says he “will not rest” until the jobs issue is resolved. Here is the exchange:

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  • Comments

    8 Responses to “Stock Markets Drop Another 500+ Points … Thanks for the Hope & Change Barack Obama .. Does Not Deter Another Obama Vacation”

    1. hope on August 11th, 2011 12:36 am

      Obvioisly, hoping for change doesn’t work. All the sweet talkin and tickling of the ears hasn’t resulted in a hill of beans
      Its great, even popular to believe in the power of possitive thinking but it doesn’t create jobs or put food on the table and we all have seen our lifes savings go up in smoke because this man, Barack Obama, doesn’t take seriously the success of a hard days work! No doubt he’ll be bailing more than water as his good ship lollipop goes down the toilet of wishful thinking.

    2. hope on August 11th, 2011 12:40 am

      Martha? Did he say hope and change or doped and deranged? Time will tell…

    3. Jay Carney Defends Obama’s Vacation, Obama’s Trip to Martha’s Vineyard isn’t a Vacation | Scared Monkeys on August 11th, 2011 6:51 am

      [...] jobs for Americans are no where to be found and America cannot endure any more debt, Barack Obama decides to take a vacation on the tax payers dime to “life styles of the rich and famous” destination of [...]

    4. Dolf on August 11th, 2011 9:55 am

      media here is also taking notice:
      during crisis US pres takes a luxurious vacation.

    5. yoyo muffintop on August 11th, 2011 5:09 pm

      Dow closed at 8218.22 the day before President Obama took office.
      Today it closed at 11,143.31.

      So how did your life savings go up in smoke because of President Obama hope?
      SM: Quantitative easing. Also, maybe its because the unemployment rate is higher and they lost their job and had to dip into their savings. Oh that’s right, the Food Stamp president has extended unemployment benefits and pushed more people than ever on to government food stamp programs.

      Way to go barack.

      YOYO, do you promise not to lose your mind when this incompetent fool gets thrown out of office in 2012? Even Democrats admit today they wished they had nominated and elected Hillary Clinton.


    6. Wendy on August 11th, 2011 5:41 pm

      Obama-man doing good the stock markets are scoring positives again. Guess the speech had the desired effect and now he can go on a well deserved family trip to Martha. Enjoy commander!

    7. God is here on August 11th, 2011 9:20 pm

      since other thread seemed locked concerning obama I have one more thing to say to the author/editors who gave me a response.

      Listen, even if it was Obama, or even if it was mccAIN THIS would still be happening guys. that is it , remember this started with bush, and even if clinton was impeached he was aquitted period and went back to do his stupid job.

      let it be, no matter who was in charge this was uncontrollable and obama has been having a hard time getting things done, because tea party wants him out, they will do anything to make him look bad. That is the whole point and I am not even libral even though I live in Massachusetts and say this, I am more of a independent voter with moderate views.

      even if the economy crumbles people starve die from lack of medical and or lose homes, they will still bicker with obama and make him look bad and all the blame goes on him.. they do not want a black president. Oh and it would have been far worse if it was mccain, because nothing would be done and you people here would not be complaining at all. the bail out would not have happened and my parents would have lost both their homes… no fuckig thank you I like this turn of events.

      Listen people it is obama they want out, that is it. they are making him look bad, and with mccian it would have been just as worse or bad, cut the bs.
      SM: Your comments above are BS actually. Barack Obama for two years had control of the House, Senate and Presidency and he did not productive for the economy or jobs. What did he do … OBAMACARE.

      BTW, you on the LEFT whine about the had Obama was dealt. I do not remember any one forcing Obama to become President. Also, talk about inheritance … look what the next GOP President of the US in going to inherit from Obama. Now thats a nightmare. I wonder if the next president will lead, rather than blame. I hope so because thats what America needs a LEADER, not a whiney-ass, over their head, no executive experience Community organizer in Chief.

    8. NGBoston on August 12th, 2011 4:55 pm

      YoYo—-way to pull some completely ambiguous figures out of your arse.

      Ever notice—that every time OBAMA pushes the PANIC button of Americans and Investors—things on Wall Street instantly plummet?

      Here’s a new concept for you—how about if for the remainder of his time in office- Mr. President can kindly SHUT HIS PIE HOLE about things he knows absolutely NOTHING ABOUT!

      Finances, or how to work with Congress for starters.

      Shut up, Yoyo—after all this time you act exactly like your boy Obama—you are still spewing the same senseless BS.

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