Date registered: Apr 2004
Location: The BlueGrass State
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
As of right now the WORLD markets are down 5-7% today. That on top of last weeks loses point to a very strong indicator that they do not have any faith that the Bush Economic Plan can right the US Economy.
Even the US Markets, which usually bump UP with comments from the FED or Prez both TANKED during the middle of both their comments last week. NOBODY has faith in the Economic Team that is piloting this ship. It has FAILED and there is ample PROOF of the failure.
The NYSE futures are already DOWN 350 for tomorrow. IF the Dow follows the world markets and goes down 5%, that is 600 points. We have already erased all of last year's meager gains.
When Bush took office 1/21/01 here were the numbers and today' numbers 1/21/08. Happy 7th Anniversary!
GAS $1.45_____$3.01 [2001 data from DOE]
OIL $28.30____$88.64 [2001 data from DOE]
NDebt $4.6T___$9.4T [before bailouts for Financial sector]
TDefc$370B____$712B [12mo trailing Trade Deficits - Bush cumulative $5T]
Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.