Today's news: Dow tumbles 634 points on recession fears -- the sell-off comes in reaction to the downgrade on U.S. debt by Standard & Poor's...
(LA Times): "President Obama tried to reassure the world that U.S. leaders could put aside the political disputes that put the country on the brink of default before a last-minute agreement to raise the debt ceiling. 'Markets will rise and fall, but this is the United States of America,'" Obama said in a midday speech from the White House. 'And no matter what some agency may say, we've always been and always will be a AAA country.' But his comments failed to stop the market slide, which came on the heels of the Dow's 512-point shellacking on Thursday."
Someone let us know when "The Recovery" is over. Let us up -- we've had enough...
"Debt man, talking" -- Obama at today's news conference...
(h/t: Instapundit, bumpersticker; R. Limbaugh, caption)
No comments:
Post a Comment