{"id":5571,"date":"2011-08-09T02:29:26","date_gmt":"2011-08-09T09:29:26","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/?p=5571"},"modified":"2011-08-09T02:29:26","modified_gmt":"2011-08-09T09:29:26","slug":"how-republicans-crashed-the-market","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2011\/08\/09\/how-republicans-crashed-the-market\/","title":{"rendered":"How Republicans Crashed the Market"},"content":{"rendered":"

Wall Street had a terrible day<\/a>.  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\u2019s go ever what happened and how in more detail.<\/font><\/p>\n

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\"9market\"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. <\/p>\n

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.<\/p>\n

"It\u2019s really all about economics," said Mike Norman, the chief financial strategist at John Thomas Financial.<\/p>\n

The Dow ended the day down 634.76 points, or 5.5%, to 10,809.85. The broader Standard & Poor’s 500 index fell even more sharply, finishing the day down 79.83 points, or 6.6%, to 1,119.55\u2026<\/p>\n<\/blockquote>\n

Inserted from <LA Times<\/a>><\/p>\n

The Banksters\u2019 explanation is all wet.  The world economy is nothing new.  That has been factored into the market for weeks.  What is new is the stark realization that the Republican Party really would destroy the world economy, if they can profit politically.  Informed that they were at fault, Republicans actually cheered the news<\/a>.<\/font><\/p>\n