Friday, October 10, 2008

Like Beating A Dead Horse

Stock market drops 107 points during Bush’s speech on the economy.

Today, President Bush gave an eight-minute speech on the economy, which was meant to reassure the markets. “This is an anxious time,” said Bush. “But the American people can be confident in our economic future.” However, ABC News notes that during those eight minutes, the Dow Jones dropped another 107 points. The Dow was down 78.70 at the beginning of Bush’s address, but at 185.66 by the end.

from think progress

1 comment:

DD said...

With the precarious state of the banks at the moment.
I would have thought that it was inevitable that the Dow Jones would plummet.
What bothers me is the knock on effect of job losses, home foreclosures and poverty.