07 November 2012

Deja Vu: Markets Crashed on O's "Re-election"



Chart for ^GSPC



 Flashback:  Dow dropped 5% the day after O's election in 2008

05 November 2008

Market Reaction: Dow Dropped 500 points (over 5%) on Obama's Election

Filed by Michael Henchard.

Investors voted with their feet today as fear spread that the Barack Hussein Obama regime will raise taxes and increase spending over and above the already high baseline established under putative Republican George W. Bush.

With control of all levers of the federal government, the Democrats are poised to carry out some shock and awe of their own. They will shock the economy by raising taxes and awe economists with such reckless hijinxes.

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