On Monday, the Dow Jones Industrial Average plunged 634.76 points for a 5.55% one day drop. The NASDAQ dropped 174.72 points for a loss of 6.90%. The S&P 500 slid 79.92 points for a loss of 6.66%.
This is the greatest single day loss on the market since 2008 and the Standard & Poor’s downgraded the US credit ratings last week.
Democrats are pointing fingers and blaming Republicans and the Tea Party for the credit downgrading and market decline.
Some Republicans are pointing fingers at Obama and the liberal Democrats for creating the financial mess that set the stage for the credit downgrading.
Other Republicans and Tea Party members are pointing fingers at Obama, Democrats and Republicans who failed to take a hard stand on the economy and do what voters sent them to Washington to do.
One thing is obvious and that is Washington appears to be as ineffectual as a steer in herd of cows. They no longer have what it takes to do what they were meant to do. They’ve given in to the political game and lost sight of what is happening in the real world.
Hopefully, the American people will see what’s happening in Washington and get rid of these gelded politicians and elect those with the right equipment and where-with-all to use to get the job done.