[GoldenPup]

Dow off 400 on Europe, growth worries.

BULLSHIT. Off because of the horse's asses in Washington...particularly in the white house.

[svcw]

Boy, I wish there was a like button or away to retwitt your statement:

BULLSHIT. Off because of the horse's asses in Washington...particularly in the white house.

[Bitsy]

BULLSHIT. Off because of the horse’s asses in Washington...particularly in the white house.

You don’t have that choice of reason.

It is either Bush or Europe - that is your only two choices for the market check A or B;)

[triumphant values]

BULLSHIT. Off because of the horse's asses in Washington...particularly in the white house.

Obama's incompetent, I'll say that. His ideology, in fact the interventionist ideology of our entire NY/DC establishment for the last 80 years, blinds them to the measures needed to allow our ills to correct.

But he's not the sole reason for the malaise. This is the result of a multi-generational pile-up of debt, both public and private on both sides of the Atlantic and unending debt into the future due to aging populations and entitlements.

Until massive defaults are allowed, and complete restructuring of entitlements take place, no man, woman, Congress or parliament will be able to stop it.