WHY is the DJIA crashing?

Discussion in 'Economy' started by JRK, Aug 4, 2011.

  1. JRK
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    JRK Senior Member

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    Last edited: Aug 4, 2011
  2. Warrior102
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    Warrior102 Gold Member

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    Obama must have just finished giving one of his "hoo-rah" shovel-ready green jobs speeches somewhere.
     
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  3. Full-Auto
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    Full-Auto Gold Member

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    Happy birthday Mr President. YOURE DOING A BANG UP JOB.
     
  4. Claudette
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    Claudette Gold Member

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    This is what you get when you hire a Community Organizer/Part-time Senator/Harvard Law Professor to run the show.
     
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  5. Jackson
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    Jackson Gold Member Supporting Member

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    Why is the market crashing? It is the country's way of saying "Happy Birthday, Barack!"
     
  6. CrusaderFrank
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    CrusaderFrank Diamond Member

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    The Capital Market don't like when little Boys try to do the work of real men. Obama got what he wanted, the uninterrupted ability to fill his spending crack pipe until the end of his one term
     
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  7. iamwhatiseem
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    iamwhatiseem Gold Member

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    Well...
    Quarter 1 GDP was downgraded to near 0% growth.
    Quarter 2 GDP was downgraded to 1.3% (it will fall further)
    Manufacturing numbers are NOT good.
    Consumer spending is at a 2 year low.
    Planned lay-offs are at a 16 month high.
    Unemployment numbers are climbing.
    Today it was announced that America's debt is now equal to 100% GDP - and our failed elected officials increased spending while calling it a spending cut...and set up a committee.

    ...and your asking why???
     
  8. 8537
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    8537 Senior Member

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    Which liberals on this board think it's a joke?

    as for why it's happening: Bad economic reports and no more QE.
     
    Last edited: Aug 4, 2011
  9. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    Didn't they say it was absolutely positively necessary to increase the debt ceiling in order to prevent this exact outcome?
     
  10. JRK
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    JRK Senior Member

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    Really I was waiting for someone to blame it on GWB
    Except for my 401K I am out
    great points
     

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