A VICTORY FOR AMERICA!!!

Thursday, August 04, 2011

DOWnnnnnnnnnnnnnnnnnnnn

Stock Market not calmed by debt deal!

For months, Obama's Treasury Secretary Tim Geithner warned of catastrophe if the U.S. failed to avert a default on it's debt obligations. In at least one instance he warned of a run on the "broader financial system -- similar to what happened in the wake of the collapse of Lehman Brothers. As the recent financial crisis demonstrated, a severe and sudden blow to confidence in the financial markets can spark a panic that threatens the health of our entire global economy."  Similar dire warnings were issued with regular frequency.

Well guess what? Geithner got his new $2.4 trillion credit card on Monday and the Dow Jones Index did this:

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Total Drop in five days: 7.0%

Do Obama and his economic team have the slightest credibility left?

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