Obama Market Down Mega Big Time. Again

Good job, Barry. Getting that swing set was real important, eh?

Stocks plunged to fresh 12-year lows Thursday as investors waded through more grim news: GM said its survival is in doubt, bank shares took a beating, and Citigroup fell below a buck.

The Dow Jones industrial average (INDU) fell 281 points, or 4.1%, to close at 6,594.44, according to early tallies, ending at the lowest point since April 15, 1997. The Dow fell as low as 6,544.10 during the session.

The Nasdaq composite (COMP) fell 54 points, or 4% to close at 1,299.59, ending at the lowest point since 1279.24 on March 12, 2003, at the bottom of the previous bear market. The Nasdaq fell as low as 1,298.33 during the session.

The S&P 500 (SPX) index lost 30 points, or 4.3%, closing at 682.55, the lowest finish since Sept. 18, 1996. It fell as low as 677.93 during the session.

What excuses are you going to make for The One now, Obamanuts? How will you blame this on Bush? He wasn’t the one who backed Porkulus, and damned sure wasn’t the one who hire tax-cheat and wonderboy Treasury Sec. Tim Geithner.

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10 Responses to “Obama Market Down Mega Big Time. Again”

  1. Dennis says:


  2. Let’s hope we survive that long.

  3. Silke says:

    I thought you were hoping Obama fails…which is it, Teach?

  4. I’m hoping his agenda fails. Now, if he would go back to tried and true capitalist ideas, I’d root for him.

  5. Silke says:

    So you only want the country to do well if it’s with your ideas? Isn’t that rather petty?

    • No, it is called politics, and I prefer not to have the USA I love turned into a European style socialist country. Do you want that?

      • Silke says:

        I can understand those who believe Obama’s agenda will not succeed due to failed policies but that is very different from hoping it will fail.

        I want the economy to recover. If it doesn’t, a lot of people in this country are going to suffer. The fact that you want to see others suffer just so you can be right is sad. That’s not politics – that’s pathetic.

        • Ah. More personal attacks. I thought you were against those, Silke? Guess not.

          We all want the economy to recover. But, we would prefer it not to happen by transforming the United States into a completely different country.

          Just admit it: you’re a liberal. Stop faking being a Conservative. You’re not. You seem to have no core beliefs, other then that mankind causes global warming and that we should fix things as quick as possible no matter what it does to the country in the long term.

  6. manbearpig says:

    Petty? You mean like “I support the troops, but not the mission”?

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