Dow Down Over 700 Points Since Debt Deal Passed

During the debt debate the talking point from the left was that we had to increase the debt ceiling in order to bring stability back to the markets. Well the debt deal is done, it’s been signed by the President and the way has been cleared to create $2.4 trillion in additional debt, and yet the Dow Jones Industrial Average keeps tanking.

You can see a full history at the link, but as of the time I write this the Dow is down 446.61 points today alone.

And what’s funny is that already the left’s talking point has shifted. Now it’s not the debt cap that was the problem. Now it’s the Republican spending cuts included in the debt deal that are hurting the economy.

That would be the spending cuts that haven’t even been decided, let alone implemented, yet. The spending cuts the bulk of which won’t happen until years from now.

You just can’t make this stuff up.

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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