The Dow Industrial dropped 300 points today, reaching its lowest point since 1997.
Wall Street is sending a clear signal to the Obama administration that massive new spending and higher taxes is not the way to revive the economy.
The Dow had dropped 52 percent since Democrats won control of Congress after the November 2006 elections. The Standard & Poor, a much more comprehensive average of stocks, has dropped 55 percent!!!
Coincidence? I think not. The Democrats have ruined the economy. And the longer they stay in power, the worse it's going to get.
1 comment:
The economy will continue to slide. All the folks who will be recipients of the democrat handouts have no stake in the market. The hard workers will forever be supporting the lazy. Welcome to socialism, American style.
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