Stock market drops 307 points

Bush is back in the country and today announced he ready to guide the economy. Meanwhile, the stock market had a huge drop today. Just huge:

Stocks dropped sharply on Thursday as a plunge in regional factory activity and a hefty loss at Merrill Lynch further clouded an increasingly dire view of the economy.

The Dow Jones industrial average .DJI was down 307.03 points, or 2.46 percent, to end unofficially at 12,159.13.

Yesterday, we learned that food prices had their largest rise since 1990 (back when the other Bush was President):

Inflation truly hit home in 2007 with food prices rising 4.9 percent, the most since 1990, as energy costs for farmers surged and the production of crops, livestock and dairy products failed to keep pace with increased global demand.

Aren’t you comforted to know that Bush is finally admitted the economy is in trouble — and that he’s going to fix it? We’re so screwed.

This happened on Bush’s watch. He’ll try, but he can’t blame anyone else.


On October 27, 2010, Joe was one of five bloggers who interviewed President Obama. Joe is a DC-based political consultant with over twenty-five years of experience at both the state and federal level. Joe has managed political operations and legislative efforts for both candidates and issues-based organizations. For seven years, he was the Director of State Legislation at Handgun Control, Inc. He served as that organization's first Political Director during the 2000 cycle. Joe is a graduate of the University of Maine School of Law. In addition, he has a Masters in Public Administration from Lehigh University and received his B.A. from the University of New Hampshire. Joe also has a fun dog, Petey, a worthy successor to Boomer, who got Joe through eight years of Bush and Cheney. Joe likes to think he is a world class athlete having finished the 2005 Chicago Marathon in the time of 4:10. He has completed six other marathons as well -- and is still determined to break the four hour mark.

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