Stock Market Down Roughly 1,000 Points Since Obama Signed Debt Deal

Remember, the talking point from the left during the debt deal debates was that we had to raise the debt ceiling and clear the way for more deficit spending in order to bring certainty back to the markets.

Well, we raised the national debt ceiling and the deficit spending continues, but since Obama signed the bill authorizing these things the markets have tanked. Here’s a snap shot of the Dow going back to August 2nd through the time of this post:

At what point do we admit that the problem wasn’t the government’s inability to borrow but rather the government’s overspending?

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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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