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Dow(n)! Weak Manufacturing and Retail Drive Woe

By Beau Friedlander
Flickr: Creative Commons by Jef Poskanzer

The Dow Jones Industrial Average followed global markets down the rabbit hole again today, with weak manufacturing numbers and tepid retail figures driving the market down as fears of a recession took hold first in Europe and then in US markets.

At the closing bell, the Dow was down more than 730 points, with the Nasdaq off by 150 points. The net effect is possibly the market re-testing the bottom of 8500 established last week. The question mark here is whether of not that bottom will hold.

Look to Asia overnight for the answer. 

Comments

(39)

The fundamentals??? Sound as a dollar?

Must be the stress - all that concern for the citizens - that causes Cheney's pump to go awry.

Trickle Down cascades its fraud and failures .

By RobespierreOctober 15, 2008 - 4:29pm

Everyone learning Mandarin?

We'll need to know so our new bosses can tell us how much benzene to put in the plastic for kids' toys!

http://www.rosettastone.com/personal/languages/chinese-mandarin

You don't have to burn books to destroy a culture. Just get people to stop reading them.
---Ray Bradbury

By LiberalIconoclastOctober 15, 2008 - 4:41pm

CRAP!!!

All this time learning cantonese!

By justintymeOctober 15, 2008 - 5:05pm

This is the Dow

responding to Obama's 14 point lead.

By its_so_overOctober 15, 2008 - 5:45pm

LOL - this was so obvious

Bush got us into a recession. And no bail out is going to fix it.

By f u bush2October 15, 2008 - 5:47pm

I think the DOW fell because

Bush got all those Christians in Iraq killed.

By f u bush2October 15, 2008 - 5:47pm

What is really amazing

Is how right wing freaks like "its so over" and "bebeholmes" and others go to these McCain rallies and yell "kill him" when Obama's name is mentioned, and nothing happens.

Yet if someone yelled that about Bush or McCain at an Obama rally, they would be in jail right now.

By f u bush2October 15, 2008 - 5:50pm

Those are democrat plants in

Those are democrat plants in the audience. Dems do that shit all the time. They probably got a code pink bitch to do they yelling, they are very good at shrieking loud enough to get heard over a crowd.

By 96815October 15, 2008 - 6:47pm

And of course you have proof of this?

no, you never do. You are lying again, still.

By hufflarry2000October 15, 2008 - 6:54pm

It's already been proven,

It's already been proven, it's in the archives!

By 96815October 15, 2008 - 7:01pm

You people are ready for

the rubber room.

By hufflarry2000October 15, 2008 - 7:15pm

I just wonder if

a conversation might have gone something like this a few days ago when the market went up over 900 points in one day.

Frank says, "Hey, Joe."

Joe says, "Hello, Frank. I like these new urinal deodorizers. Nothing like lavender mixed with urea to clear the nostrils."

Joe says, "Heh, same old Joe. How about that market today? Did you capitalize?"

Frank replies, "Sure did. Bush was right. Pelosi and Reid are pushovers."

Joe says, "I think he refers to them as partners, but that might just be his fake Texan accent."

Frank says, "Nothing like blowing our wad, and getting a freeby to reinvest for a one day windfall. These American people are really suckers."

Joe replies, "They aren't suckers. They are just powerless, the poor little peasants."

Larry Craig walking by in the background says to another bathroom patron, "Remember, you don't know me, you have never seen me and I am not gay."

By AntillectualOctober 15, 2008 - 6:11pm

Dems say

"No big deal, we'll just tax ourselves back to good economic health".

The trouble is, many believe this is possible. Of course these people are products of public schools.

The Obama presidency will be the handle that flushes this country down the crapper.

By its_so_overOctober 15, 2008 - 6:14pm

no, you are a poor peasant

Your taxes will go down. But you dont care. You willingly pay higher taxes to your wealthy masters because you think that an ignorant fool like you will be one of them someday. They laugh at you.

By hufflarry2000October 15, 2008 - 6:25pm

Lot's of people's taxes will

Lot's of people's taxes will go down under Obama, I don't think they tax welfare income so everyone that is put out of work under Obama's socialist agenda will not be paying taxes at all.

BTW, Obama SAYS he will lower people's taxes, politicians say they will do shit all the time, but tell me junior, has Obama ever actually voted to lower taxes in the past?? Does he have a history of cutting taxes for anyone, or is he just all talk? Obama is a liberal, liberals do not cut taxes, they raise them. He may cut the income tax for a few, but you can be sure that he will create plenty of new taxes that will more than make up the difference.

Stealing from the rich to give to the poor will not make the poor rich, it will just make everyone poor. Obama is a fucking thief, now he may not be breaking into your house to steal your belongings yet, but if he is elected, your time will come.

By 96815October 15, 2008 - 6:37pm

He will raise taxes for the wealthy

which has been proven to work. We must pay off the $11 trillion dollar debt that right wing economics has caused. Having the rich pay their fair share is not stealing. Why do you care? You should want higher taxes on them to support your taxpayer subsidized socialist life style.

Your socialist job will most likely disappear which frightens you to no end. We liberals are not the big socialists like you right wingers are. You will have to "pull yourself up by the bootstraps" and go out in the real world to find a job. Get off the govt dole. Do something for your country instead of bleeding us dry.

By hufflarry2000October 15, 2008 - 7:03pm

For fuck's sake, get a few

For fuck's sake, get a few more catchphrases to cut and paste, your current stash is getting a little stale.

The only thing raising taxes has been ever proven to do is to destroy the economy. Ask your pal Mr. Peanut, I'll take Bush's economy over his any fucking day of the week.

And please, how the fuck is taxing some people at 50% while taxing others at -10% (paying them to be failures) "fair"? The rich already pay the vast majority of taxes in this country, they already pay MORE than their fair share. What's your definition of "fair" other than "more"?

You fuckheads know nothing of "fair". You just have your sack of catchphrases (fair, change, hope, blah, blah, blah) that you throw out there whenever you can't justify your commie ideas.

Robin Hood economics does not work, it will only make everybody poor.

By 96815October 15, 2008 - 7:24pm

Liberal economics work and work well

It brought us out of the depression and created the middle class. Eisenhower taxed the rich at 91% and the economy grew. Kennedy cut loopholes and raised taxes on the wealthy even more, the economy grew. Bush and Reagan cut taxes on the wealthy and the economy tanks and the debt is $11 trillion. So history proves you wrong.When did "Mr Peanut" resort to socialism to fix the economy? I believe you would take the Bush economy over Carter's. You are a socialist just like Bush.

There is no sense in talking to a brainwashed liar like you. People like you are irrelevent. We liberals will control everything with a filibuster proof congress and a liberal supreme court. You have no say in how America is governed. You fascists will never again take control and try to destroy my country. You will behave and keep your mouths shut while we true Americans try to clean up your mess.

By hufflarry2000October 15, 2008 - 7:38pm

Well put, Nikita.

Our burial is at hand.

In 50 years, you'll never know the United States ever existed.

By its_so_overOctober 15, 2008 - 8:06pm

The lies never stop with you.

Kennedy cut taxes across the board you dirty, filthy lying sack of shit.

"It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now ... Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus." - John F. Kennedy, Nov. 20, 1962

"This administration pledged itself last summer to an across-the-board, top-to-bottom cut in personal and corporate income taxes ... Next year's tax bill should reduce personal as well as corporate income taxes, for those in the lower brackets, who are certain to spend their additional take-home pay, and for those in the middle and upper brackets, who can thereby be encouraged to undertake additional efforts and enabled to invest more capital ... I am confident that the enactment of the right bill next year will in due course increase our gross national product by several times the amount of taxes actually cut." - John F. Kennedy, Nov. 20, 1962

"Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased – not a reduced – flow of revenues to the federal government." - John F. Kennedy, Jan. 17, 1963

Kennedy cut the top tax rate by 21% you lying jackass, more than 3 times more than Bush's cut. Kennedy CUT taxes "across the board, top to bottom".

"Kennedy cut loopholes and raised taxes on the wealthy" Just further proof that you make shit up as you go along, you are a pathological liar, I seriously think that you cannot help yourself. Seek help huffy.

http://www.youtube.com/watch?v=aEdXrfIMdiU
http://www.ncpa.org/oped/bartlett/mar1901.html

JFK would not endorse Obama's tax hikes, JFK would not vote for Obama.

By 96815October 16, 2008 - 1:15am

Jesus Christ, you're desperate

And still proud to be a coward who spouts what any man would call "fighting words" then runs and hides. How proud that little dime piece daughter of yours must be.

I will find it so damn funny when President Obama is announced. I bet you'll cry for your mama like the little bitch that you are.

You don't have to burn books to destroy a culture. Just get people to stop reading them.
---Ray Bradbury

By LiberalIconoclastOctober 16, 2008 - 1:32am

What I "spouted" was the

What I "spouted" was the truth, you have failed to explain how simply stating what you actually did do is "fighting words". I would say that calling people's family members whores is more fighting words than stating what someone actually did. By the way, the elephant on the toilet and the Darth Vader pics, cute pics, but the sources are just plain disturbing.

And if you actually wanted to confront me so badly, you would let me know when your flight was arriving here, but you don't.

By 96815October 18, 2008 - 10:54am

By 96815October 16, 2008 - 2:15am

JFK would never endorse Mccain's tax hikes

By f u bush2October 16, 2008 - 7:04am

by comrade Frogg

It is no longer a question of IF Obama is elected, it is by how much and how huge the Democratic majorities are in congress.

By hufflarry2000October 15, 2008 - 7:48pm

McCain wants to ax the people with no money

What kind of solution is that?

By f u bush2October 15, 2008 - 6:50pm

Another example of Mcflip

McCain wanted the bail out. How badly? He wanted it so badly that he canceled the debate*.

Now he tells the crowds that he wants to end this business of bailing out banks and investment firms.

*before he flip flopped and went to the debate

By f u bush2October 15, 2008 - 6:51pm

Don't elect McCain

He'll tax the middle class and tax the health benefits on top of it.

AND his economic advisor brought us the ENRON mess.

We can't afford the incompetence of McCain.

Actually it's so over for McCAin. I should say "don't throw your vote away" instead of "don't elect McCAin".

By f u bush2October 15, 2008 - 6:54pm

The cause of the economic

The cause of the economic downturn is the mortgage meltdown. Now who was it that threatened banks with lawsuits and investigations if they didn't loan money to people that couldn't pay it back? The democrats did, they were just fortunate that the shit hit the fan while a republican was president......almost like it was planned. The republicans warned us that FM/FM's practices couldn't hold up, that they were going to fail, they fucking warned us, and the democrats called them hatemongers that just didn't want poor people to have houses. Well look at what it got us.

This is what happens when the government interferes. Government interference caused the problem, now you people think more of the same will fix it. The dems wanted poor people to have houses so they bullied banks into giving them loans. Now, not only can poor people not get houses, only those with stellar credit can buy them. This is PROOF that Robin Hood economics does not work. Now they want to do the same with wealth. The dems want poor people to have money, so they will just steal it from rich people and give it to the poor. Well it worked out great for housing, let's see how it works out this time!

By 96815October 15, 2008 - 6:58pm

Christ you are a fucking liar.

Bush opened up Fannie and Freddie in 2002 to give unregulated loans to low income people. There was no oversite and Republican greed took over. Why cant you right wingnuts ever take responsibility for what you do? Liberal economics did not do this as we have had little power for almost 30 years. The only bright spot in 30 years was Clinton's term.

Why do all you wing nuts lie so much? Are you so stupid that you dont know you are lying? This is what happens when mentally deficient people like you get news from hate radio and FOX. They play to your hate and racism and you believe everything you are told. Dont you know that it is in your masters best interests to keep you ignorant and stupid? If they keep you that way, you will continue to vote against your own best interests and they will continue to steal your money.

By hufflarry2000October 15, 2008 - 7:12pm

Clinton served two terms

Clinton served two terms jackass. Fuck, it's like arguing with a 4 year old.

You are just too precious huffy, it amazes me that you can call people all sorts of names, then in the very same post accuse them of "hate". You are so hateful that it is blinding you, and you want to accuse others of what you are guilty of. Take a fucking nap huffy, maybe you won't be so fussy when you get up.

By 96815October 15, 2008 - 7:29pm

I do hate and despise people like you

for what you have done to my country. Your ignorance and stupidity is no excuse. Your hate and racism will no longer be tolerated in this nation. You will have ZERO power. You did it to yourselves.

By hufflarry2000October 15, 2008 - 7:41pm

By 96815October 15, 2008 - 7:58pm

LMAO!

What idiot spin. Give it up punk. I bet you can't wait until this is over so you can talk trash about McCain and Bush. "Man I never liked them anyway. Let's get some real candidates!"

HAHAHAHAHAHAHA

HA

By f u bush2October 15, 2008 - 7:25pm

The racist pigs at the McCain conventions are going to cry

I say if they can't handle the modern America they should get out of our country.

By f u bush2October 15, 2008 - 7:02pm

GOP pulling out of more states

RNC Drops Ads In Wisconsin And Maine To Focus On Red States
JIM KUHNHENN | October 15, 2008 04:19 PM EST

WASHINGTON — The Republican National Committee is halting presidential ads in Wisconsin and Maine, turning much of its attention to usually Republican states where GOP nominee John McCain shows signs of faltering.

The party's independent ad operation is doubling its budget to about $10 million and focusing on crucial states such as Colorado, Missouri, Indiana and Virginia where Democrat Barack Obama has established a foothold, according to a Republican strategist familiar with presidential ad placements.

Florida and North Carolina have also been in the RNC ad mix. Pennsylvania is the only Democratic leaning swing state apparently left in the party's ad campaign.

...

PA is next. The reperv party is screwed. They should have been honorable instead of spinning lies.

By f u bush2October 15, 2008 - 7:07pm

McCAin asked Hillary and Bill Clinton for economic advice

McCain talks economy with Hillary
By GLENN THRUSH | 10/15/08 2:18 PM EDT

On Sept. 24, Hillary Rodham Clinton received a surprise phone call from the man she’s often denounced as an economic know-nothing: John McCain.

This was no social call, even though Clinton likes McCain enough to keeps his photo on the wall of her Senate office. The GOP nominee had already chatted with Bill Clinton about the mortgage crisis and wanted to pick the senator’s brain about her new proposal to have the federal government buy up bad mortgages and renegotiate terms more favorable to homeowners on verge of default.

“McCain said he had been motivated by it, he was very complimentary about what she had proposed and wanted to know more,” said a person with knowledge of the call.

Clinton responded coolly. “She didn’t engage him, she just said, ‘Thank you’ and heard him out.”
'
Three weeks later, at the town hall debate in Nashville, Tenn., McCain rolled out a $300 billion anti-foreclosure plan that’s similar, if not identical, to Clinton’s — and subsequently credited the concept “to a suggestion that Sen. Hillary Clinton made not that long ago.”

...

By f u bush2October 15, 2008 - 7:08pm

Tell me right wingers

Who is the WMD czar? Who did Bush nominate?

Oh well. Terrorism isn't Bush's priority is it. Oil profit is. Hence Iraq.

By f u bush2October 15, 2008 - 7:11pm

MCain and Bush

socialists at heart.

Latin American leaders are laughing their asses off right now. Bush tells them not to bail out banks when needed. The repervs tell them to let the free market handle it.

Now they call Bush "Comrade Bush".

LOL

By f u bush2October 15, 2008 - 7:27pm

Rich man's logic:

Socialism for the rich, the free market for the peons. We fail, we blame you. We succeed, we take the credit.
You pay for our fuck- ups. You get none of our profit. And we need you a hell of a lot more than you need us, but we will never tell you that.

By thaelmann37October 16, 2008 - 11:15am

Can you believe the idiots that get picked by republicans?

We had a bad actor and a cocaine addict who found Jesus to get off the white stuff.

How can anyone take the republicans seriously?

By f u bush2October 15, 2008 - 7:30pm

Comments

(39)