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