Welcome to ObamaVille. Ever since Obama won re-election, we’ve been told about mass layoffs, scandals at the CIA, and the stock market tanking. Stocks were actually up for a bit today, up 85 points earlier in the morning. Then Obama spoke, spewed his class war-fare rhetoric, saying he wouldn’t accept any debt deal without tax hikes, and then stocks tanked again. After the Dow Jones got as high as 12,890.19 today, Obama spoke, and it ended the day at 12,815.39. For the three days since Obama’s re-election, stocks ended down about 431 points.
You wanted this America, you got it! Have fun with your 401k plans!