Monday, February 23, 2009

Declining Dow Jones Industrials

Rolling the dice with our children's future.

The Dow Jones Industrial Average tumbled another 250 points today. It's dropped 1150 points since the Democratic Administration announced the stimulus package that isn't (February 9th). McDonalds Hamburgers are selling like hot cakes as we as a nation revert to eating happy meals as a business lunch. In a surprising development even Campbell's Soup stock dropped today. It's one of the companies one would expect to do well in this environment. 

The DJI is back to 1997 levels with no practical bottom in sight.

It didn't have to be like this. An HONEST stimulus package designed to do what the current one has been purported to do would have had a positive effect. Now the middle class can look forward to being looted further with the Obama Gang's announcement of a 40% capital gains tax rate aimed squarely at the middle class for the purported purpose of "benefiting the poor".

1 comment:

WoFat said...

Don't worry. Obama will make everything better. Just ask him.

Also ask him about his airplane expenses since taking power.

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