Don't Look Now But The Dow Is Down More Than Four Hundred Points

DemocratSinceBirth

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Thu Aug-04-11 02:20 PM
Original message

Don't Look Now But The Dow Is Down More Than Four Hundred Points

Way to go, Teabaggers. The economy is like a patient on life support and the austerity measures you forced on us are like a pillow.

Thanks.

Not.

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Historic NY

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Thu Aug-04-11 02:22 PM
Response to Original message

1. oil is way down too....

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DemocratSinceBirth

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Thu Aug-04-11 02:23 PM
Response to Reply #1

5. If The US Goes Into A Depression I Can See Twenty Dollar A Barrel Oil

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DrToast

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Thu Aug-04-11 02:22 PM
Response to Original message

2. Can we compromise with the Dow? Maybe agree on 300 points down?

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MADem

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Thu Aug-04-11 02:22 PM
Response to Original message

3. Ah, yes, a pillow....placed over our faces to suffocate us to death!

One way of cutting health care costs, I suppose...

(For the irony-impaired, I am being ironic!)

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villager

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Thu Aug-04-11 02:22 PM
Response to Original message

4. Must have been one of the lurking 'baggers that unrecc'd this?

:shrug:

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UrbScotty

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Thu Aug-04-11 02:23 PM
Response to Original message

6. It's also because of what's happening in Europe - which also has a lot to do with austerity.

Edited on Thu Aug-04-11 02:26 PM by UrbScotty

If people realize that the economic turmoil is in large part because of what's going on in other parts of the world, Obama shouldn't get blamed too much.

Therein lies the problem: How many Americans can be convinced of that?

Most people who have much of an idea of what's going on already vote - and they usually vote one way or the other in most elections.

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DrToast

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Thu Aug-04-11 02:24 PM
Response to Reply #6

7. It has A LOT to do with that. Probably more to do with that, in fact.*

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DemocratSinceBirth

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Thu Aug-04-11 02:25 PM
Response to Reply #6

9. Recessions Are Caused By Lack Of Aggregate Demand (Spending)

Duh.

The consumer isn't spending.

Let's cut government spending too.

The stupid is contagious.

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UrbScotty

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Thu Aug-04-11 02:27 PM
Response to Reply #9

10. Yes. Teabaggers have convinced too many people that government spending hurts the economy.

Edited on Thu Aug-04-11 02:28 PM by UrbScotty

That theory doesn't hold up against reality, but how many people have time to understand that?

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panAmerican

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Thu Aug-04-11 02:25 PM
Response to Original message

8. It's going to be another rough ride.

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