Wall Street Plummets on Obama Stimulus, Bank News

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Wall Street Plummets on Obama Stimulus, Bank News - No specifics drops Dow 382 points

The Obama administration unveiled its long-awaited bank rescue plan Tuesday but did not spell out how it would resolve the most critical issue on Wall Street - how to dispose of unsellable debts - provoking widespread disappointment that sent the Dow Jones Industrial Average plummeting nearly 400 points.

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Fred Garvin's picture
Submitted by Fred Garvin on Mon, 03/02/2009 - 2:25pm.

Dow Industrial Avg down another 3% again today. How much more "stimulus" can the market take?

The United States of America
July 4, 1776 - Jan 20, 2009
Rest in Peace


Submitted by Bonkers on Mon, 03/02/2009 - 3:11pm.

Are you stupid enough to think that putting money into the economy for two weeks or so will immediately stimulate the economy which is in DEPRESSION?

The BUSH people managed to manipulate the bank fiasco long enough to get out of office--they knew but took no action 1 1/2 years ago!

Then the Iraq war was handled the same way---leave the "quit the stupid thing" to Obama and the democrats.

We should have whipped out Afghanistan 3-4 years ago and never messed with Iraq! We knew they weren't about to shoot any atomic weapons and had no terrorists--Saddam killed every one who entered?

Those wonderful BUSH corporate and high earner "tax cuts" sure did start something didn't they?

Put that fat, doper, Limbaugh in charge of the republican party, he will destroy it totally now while making millions more.

Fred Garvin's picture
Submitted by Fred Garvin on Mon, 03/02/2009 - 4:16pm.

According to the all wise bonkers, the U.S. is now is officially in a Depression, the Bush administration manipulated the banks (Frank and Dodd had nothing to do with it), and only Repulicans approved of the Iraq war.

HAHAHAHAHAHHAHA

You're always good for a laugh, bonk.

The United States of America
July 4, 1776 - Jan 20, 2009
Rest in Peace


dawn69's picture
Submitted by dawn69 on Mon, 03/02/2009 - 9:18pm.

I thought a depression was 4 consecutive quarters of GDP loss. Am I right? So far, it's been 2 quarters of slight loss (recession). Not that a depression is not still possible, but not actually a reality yet. We wouldn't see that until mid summer. Please correct me if I'm wrong.


Submitted by Davids mom on Mon, 03/02/2009 - 5:40pm.

. .and your inability to express yourself rather than the 'right-wing' talking points takes away from meaningful discussion about this problem.

Fred Garvin's picture
Submitted by Fred Garvin on Mon, 03/02/2009 - 9:38pm.

Bonker's opinion is a laughing matter.

Get over yourself, David's Mom. Your obsession with everything that I have to say is very troubling.

By the way, your President is a freaking, two bit, clueless, lying loser.

The United States of America
July 4, 1776 - Jan 20, 2009
Rest in Peace


Submitted by Davids mom on Mon, 03/02/2009 - 11:06pm.

Your articulate accuracy is revered - as always!! LOL!

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