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How Republicans Crashed the Market

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babsbunny Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-09-11 03:40 PM
Original message
How Republicans Crashed the Market
http://www.politicsplus.org/blog/?p=5571

Wall Street had a terrible day. Stocks were off over six percent, giving the S&P 500 the worst day since December 2008, and pushing the price of gold over $1,700 per ounce. Republicans are blaming Obama, for the mess they caused. Treasuries are not weak. The market fled to them as a safe haven. What crashed the market is that the S&P downgrade brought it to international notice that the Republican Party is tanking our economy for political gain. Let’s go ever what happened and how in more detail.

Investors piled out of stocks and into a few "safe havens," such as gold and Treasury bonds. The appetite for Treasury bonds suggests that the Standard & Poor’s downgrade has not shaken investors’ faith in U.S. bonds.

Market experts said the Monday sell-off was sparked by the S&P announcement but was motivated more by growing concerns about the weakness of the global economy.

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pitohui Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-09-11 03:44 PM
Response to Original message
1. i've said it before and i'll say it again
Edited on Tue Aug-09-11 03:45 PM by pitohui
conflict of interest and manipulating markets for profit is a crime, a federal crime

if i were in obama's shoes, i would have the fbi/department of justice making some arrests, every GOP piece of dirt involved in this who shorts stocks or holds positions in gold has a provable conflict of interest and should be in a jail right this minute

i'm tired of the forgiveness and tolerance of these looters, there must be a FEW democrats who work for the fbi, find the honest apples and put them to work immediately

we got osama bin laden, why can't we get eric cantor??? we can prove the guy held positions that profited from his job, he needs to be arrested just as he would have been arrested if he were martha stewart

forgiveness is appropriate after criminals have been brought to justice, not while they're in the middle of a continued criminal spree
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Owlet Donating Member (765 posts) Send PM | Profile | Ignore Tue Aug-09-11 04:01 PM
Response to Original message
2. ..And just how were the Republicans responsible..
for this: "Market experts said the Monday sell-off was sparked by the S&P announcement but was motivated more by growing concerns about the weakness of the global economy."?
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