Posted on 08/12/2010 12:18:14 PM PDT by Nachum
Wall Street gave a thumbs-down to the economy as the Dow Jones slipped into the red for the year.
The Dow Jones tumbled 265 points on Wednesday amid growing worries that the world economy is weakening. The pessimism from traders came one day after the Federal Reserve downgraded its outlook for the economic recovery amid fears of a double-dip recession.
Wednesday's tough day on the markets is the latest piece of difficult news for the White House, which is trying to promote last year's $787 billion stimulus through a series of events it has dubbed the "recovery summer."
President Obama, facing a difficult election environment where his party’s majorities in Congress could be lowered or lost, on Wednesday reiterated that his administration is doing everything it can to turn the economy around.
He also insisted the worst of the recession is over as he signed legislation suspending duties on hundreds of imports. Challenges faced by the nation have been confirmed not only by a steady stream of data since last spring, but through a series of crises in Europe that roiled markets and stoked fears of a double-dip recession earlier this summer.
(Excerpt) Read more at thehill.com ...
YEAH RIGHT HUH... IF I WASN’T REAL SURE I AM NOW 100% POSITIVE
Before were were headed to an Obama hell on a hand cart I am now.
OBAMA SAYS....
SIMON SAYS OBAMA LIES!
I just saw 5 people on facebook LIKEOobama’s page. Not the impeach Obama one (s) the.... he is great one.They must smoke crack pipes and watch Olbermann.
BS BO
oh and FU.
Going on five months without a job and can’t even get an interview.
What he meant but couldn’t say was that the bush recession was Over but Uh Bummers douple dip ice cream show was just starting up, what a bozo..
Wise up, Sparky.
double dip my behind SADLY... try ObamaDepressionCrashOfAllTime
Mission Accomplished! (We’re screwed!)
Obama is on drugs.
AS he is on his way to ANOTHER vacation he lies through his teeth again.
Do people still believe this fool?
Obama needs to be impeached, tried for treason and brought to justice.
Notice he’s still hiding from the Press Corpse.
or as OrangeHoof wrote, “Fall of Prosperity”
yep you are right sadly, one which is likely to start a world war..
Easy. Bozo's supporters aren't conscious enough to have a conscience.
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