Lake Minnetonka Liberty

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Dow sinks another 173, Economy getting much worse, Obama on vacation

Obamanomics! Ain’t it grand, Ma! Jimmy Carter was a failure, Barack Obama is a total failure of epic proportions. Only the stupid will have an opposing opinion.

Socialism doesn’t work. Even if it’s rebranded as Obamunism, and it doesn’t matter if the right people are in charge or not. It always fails, period.

Yeah, I think four more years of this shit is just what the doctor ordered, don’t you?

via CNBC:

Stocks accelerated their selloff to finish near session lows in light, choppy trading Friday as investors were reluctant to remain in the market ahead of a weekend, amid worries over a global recession in addition to the ongoing euro zone jitters.

All three major averages logged their biggest four-week decline since Mar. 2009, with the S&P tumbling almost 16 percent during the period.

The Dow Jones Industrial Average shed 172.93 points, or 1.57 percent, to finish at 10,817.65.[...]

For the week, the Dow plunged 4.01 percent, the S&P dropped 4.69 percent, while the Nasdaq plummeted 6.62 percent.[...]

The dollar, plunged to a record low against the yen and oil settled mixed in volatile trading with U.S. light, sweet crude dipping 12 cents to settle at $82.26 a barrel and London Brent crude gaining $1.63 to finish at $108.62. Gold settled at a record high of $1,852 an ounce.

Worse than Jimmy Carter, he needs to leave.