Dow(n)! Weak Manufacturing and Retail Drive Woe

By Beau Friedlander

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. 

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.