Flash the stock market is adjusting, not crashing. As Michellle points out, today Dow drop did not crack the market’s all time top ten list in percentage of market share lose.
Today’s stock market drop is a record point drop, but does not even crack the top 10 single-day percentage drops in American history
We need the adults in the House, that the Representatives not named Dennis Kucinich , Nancy Pelosi and Barney Frank, to step and show some leadership. Mrs. Pelosi needs to buy a clue:
$700 billion. A staggering number, but only a part of the cost of the failed Bush economic policies to our country. Policies that were built on budget recklessness when Pres. Bush took office, he inherited Pres. Clinton’s surpluses – four years in a row budget surpluses on a trajectory of $5.6 trillion in surplus. And with his reckless economic policies, within two years, he had turned it around. And now 8 years later, the foundation of that fiscal irresponsibility, combined with an “anything goes” economic policy, has taken us to where we are today.
This is a credit crunch caused by the faiiled policy of the Community Redevelopement Act, a brain child of the Carter and Clinton administration. Democrats like Frank, Chuck Schumer, Barack Obama and Chris Dodd protected Frannie Mae and Freddie Mac from government oversight. The credit crunch is the result of failed democrat policy.
Tags: barney frank, Carter, Chris Dodd, Chuck Schumer, Clinton, Dennis Kucinich, Frank, Freddie, Mac, Mae, Mrs. Pelosi, Nancy
Print This Post
Subscribe to RSS feed
