Tuesday, February 17, 2009

Stock Market Tanks In Honor Of CRAPulus Generational Theft Act; Now Can We Start Calling It The Obama Recession?

Image from IowaHawk.

The Dow Jones has dropped over 2,000 points since the election of Barack Obama.

This morning, in the first day of trading since Congress passed the CRAPulus Generational Theft Act of 2009, the markets tanked over 250 points in the opening minutes.

Stocks tumbled Tuesday as investors grew more doubtful that the government can quickly turn around the still-weakening economy.

As of 1:45 P.M., stocks were down over 3.0% for the day.

We'll see what happens this afternoon as President Obama signs the CRAAP into law.

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1 comment:

  1. Hilarious that every time the Obama administration has tried to build up support for this thing or make some sort of announcement about economic recovery, the market does a nose dive.