- SP500
- 1,394.53
- -33.86
- -2.37%
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.
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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