Tag: DJIA

Blame Boosh!.. Well, these days it is blame the “Terrorist Tea Party”.

And what do I believe the left will blame them for? Well a 512 point drop in the DJIA (Dow Jones Industrial Average):

The Dow Jones Industrial Average plummeted 512.76 points, or 4.31 percent, to close at 11,383.68, led by Alcoa [AA 12.94 -1.32 (-9.26%) ] and BofA [BAC 8.83 -0.71 (-7.44%) ]. The last time the Dow dropped more than 500 points in a single session was in Dec. 2008.

I am sure it wasn’t the fault of either democrats, Obama, or the fact that our government has borrowed another $2.4 trillion it will squander in 18 months, with no significant changes to the ridiculously high level of spending set to actually be implemented. If only they had raised taxes! Heh, yeah sure. That would have helped a ton. Bet it would have been worse then.

UPDATE: Another $2.4 trillion deeper in debt, and fucked anyway. Hopefully this will be the end of Keynesian economics. Not holding my breath.