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Thursday, May 06, 2010

900 Point Dow Dive Causes Mini Panic on Wall Street

Are Obama's socialist chickens coming home to roost?

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Earlier this afternoon I checked the Dow Jones index and it had dropped 450 points. Minutes later the drop went to 900 before recovery began.

What's going on? Clearly there is some extraordinary unease in financial markets. Is it related to the Greek crisis where a socialist government's spending has put that country at the brink of fiscal solvency social cohesion? Is the panic related to our own weakening financial position as Obama runs up unsustainable debt with no end in sight?

Today's Dow dive should be a warning to investors that the fiscally irresponsible policies of the Obama Administration put us all at risk!

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