One of you Socialists over at the White House drag President Obama out from under his desk. Tell him to take his meds and face the truth that the last thing propping up his failed presidency just blew up. The stock market woes of the last two weeks turned into a full on rout today. Not unexpectedly, except for maybe some of the Street’s Ivy League whiz kids who had come to believe you really can print your way to prosperity.
Welcome to reality, kiddos. You fell for the economic terrorists at the Fed and the White House. You and your bosses sent Obama sacks of cash in 2008 and in return, he and his policies blew up American confidence and took a whiz on American exceptionalism. Learn from this because stupidly idealistic, un-American and liberal is no way to go through life. And by the way, kiss my rosy red.
The Dow Jones plunged over 500 points and the S&P dropped a shocking 60 points (4.8%), closing just above 1200. There is fear in the markets as the last of the Keynesians and eternal optimists come to grips with the failing economy, now strapped with trillions of extra Obama debt. The only thing stimulated by all the insane spending was gold and conservative dyspepsia.
NEW YORK (CNNMoney) — Stocks plunged Thursday in their single worst day since the 2008 financial crisis. The Dow tumbled 512 points — its ninth deepest point drop ever — as fear about the global economy spooked investors.
“The conventional wisdom on Wall Street was that the economy was growing — that the worst was behind us,” said Peter Schiff, president of Euro Pacific Capital. “Now what people are realizing is the stimulus didn’t work, and we may be headed back to recession.”
Heaven only knows how badly people really got hurt over the last two weeks and especially today. Bernanke has whipped millions of retired and nearly retired investors into stocks with his zero interest strategy. Sleep well, Ben. And forget about this!
As for you critters on vacation who couldn’t get serious about the staggering debt, how was your day, this black Thursday? You’ll try to float above all this failure, name-calling the innocent without shame or remorse. Not this time bung-holes. We’re taking names and one day soon we’ll be reading the worst of you your rights. . . if we decide you have any.