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

Yahoo ^

[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.

[Sub-Driver]

And besides it's my birthday so there.............

[Signalman]

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

[NormsRevenge]

Pay NO Attention to the Icebergs, Folks!

You all have ObamaCare!

[Nachum]

The list, ping

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

http://www.nachumlist.com/

[RockinRight]

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

[Son House]

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

[Cricket24]

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!

[Dallas59]

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

[EGPWS]

“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!

[dead]

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

[Ken522]

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" ...

[NeverForgetBataan]

“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!!

[dfwgator]

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

Don't you mean, peas?

[Raycpa]

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?

[dead]

[John W]

“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?

[ken21]

presidents come and go.

[Sub-Driver]

Pics?

[LostInBayport]

Today’s drop is the worst since Feb. 22, 1978, when Jimmy Carter was president.

[thoolou]

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...