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White House on worst market drop since 2008: ‘Markets go up and down’
Yahoo ^

Posted on 08/04/2011 4:43:39 PM PDT by Sub-Driver

White House on worst market drop since 2008: ‘Markets go up and down’ 1 hr 5 mins ago

The Dow Jones Industrial Average dropped by 512 points Thursday, erasing this year’s market gains, but the White House had little to say besides “markets go up and down.”

“I don’t have a specific reaction to the market. Markets go up and down,” White House press secretary Jay Carney said.

“There is no question that we have — this economy has faced headwinds this year, a variety of them including the earthquake and tsunami in Japan, the increase in oil prices, energy prices that resulted from the unrest in the Arab world and the situation in Europe, also,” Carney said. “So, our focus has to be on the things that we control which is to take the necessary measures.”

Today’s 4.31 percent drop put the Dow below 11,500 and is the worst one-day loss since October 2008, when the Dow slid by 679 points.

But the stock market also did something it hasn’t done in more than 33 years: decline for nine straight sessions. Today’s drop is the worst since Feb. 22, 1978, when Jimmy Carter was president.

(Excerpt) Read more at old.news.yahoo.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: aug42011; bushsfault; carney; carter; dow; earthquakesfault; headwinds; markets; oilsfault; stockmarket; stocks; tsunamisfault
And besides it's my birthday so there.............
1 posted on 08/04/2011 4:43:41 PM PDT by Sub-Driver
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To: Sub-Driver

Jay Carney...having to defend the indefensible(Obama).


2 posted on 08/04/2011 4:45:42 PM PDT by Signalman
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To: Sub-Driver

Pay NO Attention to the Icebergs, Folks!

You all have ObamaCare!


3 posted on 08/04/2011 4:45:56 PM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


4 posted on 08/04/2011 4:47:42 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Sub-Driver

So do Presidents. Your down time will be next November.


5 posted on 08/04/2011 4:48:04 PM PDT by RockinRight (If we're "teabaggers" then they're "d-baggers.")
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To: Sub-Driver

Brilliant, can we get more metaphors because you don’t know what your talking about?


6 posted on 08/04/2011 4:49:03 PM PDT by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
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To: Signalman

The people in this White House are Idiots, pure and simple. They just do not have a clue about anything. That in itself is very scarey!


7 posted on 08/04/2011 4:49:03 PM PDT by Cricket24 (Proud to be a CONSERVATIVE WOMAN!!!!!!!)
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To: Sub-Driver

Just forget about it.....Oh man...did anyone see the story about Heather Locklear in her skin-tight dress???


8 posted on 08/04/2011 4:49:31 PM PDT by Dallas59 (President Robert Gibbs 2009-2011)
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To: Sub-Driver
“I don’t have a specific reaction to the market. Markets go up and down,”

Good work Jay!

Thank gawd we have 0bama at the helm so we have an intellect following this market through to make sure we do what is right to maintain substance in it.

0bama IS the one!

9 posted on 08/04/2011 4:49:55 PM PDT by EGPWS (Trust in God, question everyone else)
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To: Sub-Driver

In honor of the President’s birthday, they will let us eat cake.


10 posted on 08/04/2011 4:50:37 PM PDT by dead (I've got my eye out for Mullah Omar.)
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To: Cricket24
Don't forget, Cricket - this administration has more advanced degrees than any previous administration ... which should tell you something about the value of "advanced degrees" ...
11 posted on 08/04/2011 4:52:37 PM PDT by Ken522
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To: Sub-Driver

“Markets go up and markets go down.....”
__________________________________________________________________________________________

Hey Jay.... - you smug basterd - ...careers go up and down too. The longer you stay with this clown of a president the faster yours will go down as well.

what a pr!ck!!


12 posted on 08/04/2011 4:53:02 PM PDT by NeverForgetBataan (To the German Commander: ..........................NUTS !)
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To: dead
In honor of the President’s birthday, they will let us eat cake.

Don't you mean, peas?

13 posted on 08/04/2011 4:53:46 PM PDT by dfwgator
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To: Sub-Driver

After spending countless trillions on trying to affect the market and failing, the liberal mouthpiece finally starts talking like a conservative.

Oh and where is the gratuitous comment blaming Bush?


14 posted on 08/04/2011 4:55:33 PM PDT by Raycpa
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To: Ken522

15 posted on 08/04/2011 4:55:33 PM PDT by dead (I've got my eye out for Mullah Omar.)
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To: Sub-Driver

“But the stock market also did something it hasn’t done in more than 33 years: decline for nine straight sessions.”

Wait a minute. In the spirit of current economic reporting, was yesterday revised downward?


16 posted on 08/04/2011 4:57:57 PM PDT by John W (Natural-born US citizen since 1955)
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To: Sub-Driver

presidents come and go.


17 posted on 08/04/2011 4:58:34 PM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: Dallas59

Pics?


18 posted on 08/04/2011 4:59:52 PM PDT by Sub-Driver (Proud member of the Republican wing of the Republican Party)
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To: Sub-Driver
Today’s drop is the worst since Feb. 22, 1978, when Jimmy Carter was president.


19 posted on 08/04/2011 5:00:21 PM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: Dallas59
I did. She looks hot for almost 50.

Oh, and this "Administration" is flagrantly trying to destroy our country. Obumbles has already spent 60% of that increase Congress gave him? Psaw. Jersey Shore has gone Italian...
20 posted on 08/04/2011 5:00:39 PM PDT by thoolou ("I may have invented it, but Bill made it famous." - David Bradley, inventor of Ctrl-Alt-Del)
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To: Sub-Driver
Sorry....

21 posted on 08/04/2011 5:01:37 PM PDT by Dallas59 (President Robert Gibbs 2009-2011)
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To: thoolou

Who is trying to destroy what? I don’t understand.


22 posted on 08/04/2011 5:02:35 PM PDT by Dallas59 (President Robert Gibbs 2009-2011)
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To: Sub-Driver

At least the other Press Secretary(Good God brain is going, I forgot his name, someone remind me) was entertaining in his stupidity..this guy is just a moron..a puppet for Obama who goes on TV and makes an utter fool of himself


23 posted on 08/04/2011 5:02:41 PM PDT by Sarah Barracuda
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To: Sub-Driver
“There is no question that we have — this economy has faced headwinds this year, a variety of them including the earthquake and tsunami in Japan, the increase in oil prices, energy prices that resulted from the unrest in the Arab world and the situation in Europe, also,” Carney said. “So, our focus has to be on the things that we control which is to take the necessary measures.”

oil prices? made worse by Obama meddling in libya and shutting down the Gulf.

unrest in Arab world? made worse by Obama meddling in Eqypt and Libya.

and the elephant in the room is the debt crisis that was directly caused by Obama, Pelosi and Reid. They are taking out this country and must be defeated, destroyed and humiliated.

24 posted on 08/04/2011 5:03:06 PM PDT by plain talk
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To: Sub-Driver

Robert Gibbs, it came back to me LOL


25 posted on 08/04/2011 5:03:06 PM PDT by Sarah Barracuda
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To: Sub-Driver
What happened today could be the watershed day that marks the beginning of the end of Obama's chances for a second term.

The fact today's huge slide happened one day after Obama's 50th birthday celebration could someday be equated with what Marie Antoinette said about "let them eat cake."

26 posted on 08/04/2011 5:03:45 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: Dallas59

she had work done “up yonder”


27 posted on 08/04/2011 5:04:48 PM PDT by advertising guy (if a politician from either party was to say hello to me, it should be law I can shoot em)
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To: Dallas59

Outstanding sir!


28 posted on 08/04/2011 5:05:13 PM PDT by pburgh01
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To: advertising guy

Transmissions need maintenance every 75,000 miles...


29 posted on 08/04/2011 5:07:17 PM PDT by Dallas59 (President Robert Gibbs 2009-2011)
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To: Sub-Driver
White House on worst market drop since 2008: ‘Markets go up and down’

Just like some presidents are competent, and others are completely incompetent. Some know what they're doing, and others are completely clueless. Some phone it in, and others are completely engaged.

Obama: the most incompetent president in history, and the most clueless in history, and the most disengaged in history.

But, he always has a one liner which explains why he can't do anything about the problems: "It's Bush's fault!".
30 posted on 08/04/2011 5:14:04 PM PDT by adorno
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To: Dallas59

I’d say those headlights are the new high intensity discharge types!


31 posted on 08/04/2011 5:15:38 PM PDT by Arrowhead1952 (Dear God, please let it rain in Texas. Amen.)
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To: Sub-Driver

When asked about the crash of the DOW today... the keynesian kenyan said, **** the market. Pass me the bong and a cheeseburger dude”.

LLS


32 posted on 08/04/2011 5:19:31 PM PDT by LibLieSlayer (juan mccain certified Al Palin Hobbit Terrorist)
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To: Dallas59

Hey... even a battery has to be recharged every now and then. ;-)

LLS


33 posted on 08/04/2011 5:20:59 PM PDT by LibLieSlayer (juan mccain certified Al Palin Hobbit Terrorist)
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To: Sub-Driver

the worst since Feb. 22, 1978, when Jimmy Carter was president.

Obama takes top honors from Carter.


34 posted on 08/04/2011 5:24:11 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: Sub-Driver

I imagine the left_wing media would explode at such a blaise answer if a Republican Administration responded the same way.


35 posted on 08/04/2011 5:26:31 PM PDT by Tempest (Ruining the day of corporate butt kissers everywhere.)
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To: RayChuang88

“Let them eat cake”

I shouldn’t be pedantic, but I can’t help myself. There is not record of Marie Antoinette ever having said “Let them eat cake”. The anecdote comes from (proto-Communist) Jean Jacques Rousseau’s autobiography, “Confessions”, in which he says “a certain princess”(unnamed) said the famous words.

However, in context, her remark was not outrageous at all. In a sort of precursor to the Food Stamp program, bakers, in exchange for a royal permission to conduct business, were required by law to make available a cheap form of bread made with roughly milled grains at a low price for the poor. If they ran out of the peasant’s bread, they were then required to sell their other wares for the same low price. So, if there was no bread for the people, they got to have cake.


36 posted on 08/04/2011 5:27:20 PM PDT by Stirner
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To: Sub-Driver
"Today’s drop is the worst since Feb. 22, 1978, when Jimmy Carter was president."

This is now a MAJOR campaign issue.

Sad thing. It will get worse.

37 posted on 08/04/2011 5:31:03 PM PDT by AGreatPer
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To: LibLieSlayer

our focus has to be on the things that we control which is to take the necessary measures.”

It’s too bad some enterprising reporter didn’t ask him...

Mr. Carney, what in the hell are you talking about?
Just what measures DO you control? How DO they
affect the situation?? Or are you just blowing
smoke up our butts?


38 posted on 08/04/2011 5:32:25 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: thoolou

Shut up. Look at the picture of the pretty girl. Obama’s antics mean nothing. Have you seen the latest “Top Chef?”. /s


39 posted on 08/04/2011 5:36:25 PM PDT by thoolou ("I may have invented it, but Bill made it famous." - David Bradley, inventor of Ctrl-Alt-Del)
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To: Stirner
I agree, since most scholars agree that Marie Antoinette probably never said those words.

But you HAVE to agree that the contrast between Obama's very glitzy 50th birthday party and today's 512 drop in the DJIA makes Obama look REALLY bad PR-wise and will become fodder for the Republican Presidential candidate.

40 posted on 08/04/2011 5:48:48 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: NormsRevenge

classic quote


41 posted on 08/04/2011 5:55:34 PM PDT by Munz (All tyranny needs to gain a foothold is for people of good conscience to remain silent.)
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To: LostInBayport

Not following.

Largest percentage loss was 10-18-1987.

Largest point loss was 09-29-2008.

Course if the unemployment comes in at 9.2% tomorrow or higher. I personally expect a melt down of Nuclear proportions


42 posted on 08/04/2011 6:04:33 PM PDT by Bailee
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To: Sub-Driver

The reporter should have asked Jay about the unprecedented Bull Market the Federal Government has experienced the last 10 years.


43 posted on 08/04/2011 6:14:37 PM PDT by TexasCajun
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To: Sub-Driver
We have a resident in the WH...Who can't find jobs, can't find a way to fix the economy, Hell he can't even find the door into the building. But, he sure can find excuses.

A president is supposed to get problems resolved, not whine about why they are too hard for him, and why he is never at fault. Obama blames everyone and everything else...from Bush to Democracy for his troubles. If blaming instead of fixing isn't the paramount sign of a complete failure I don't know what else is. This man, and his administration are pathetic, paralyzed, finger pointers who can't do anything but repeatedly demonstrate how incapable and ineffective they are as leaders. Even a kid in grade school knows how to accept responsibility and could do better than our notorious community organizer who never had a real job or even managed a lemonade stand.

44 posted on 08/04/2011 6:32:26 PM PDT by CitizenM (He who is silent is understood to consent)
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To: Sub-Driver

Memo to White House Staff: Tap Dance Lessons will be offered in the Green Room. Attendance is MANDATORY.


45 posted on 08/04/2011 7:06:07 PM PDT by SES1066 (1776 to 2011, 235 years and counting in the GRAND EXPERIMENT!)
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