This'n'That; August Fifth #3; The owe-bama Dow

"Clown Prince's" Failed Policies Continue Failing!
    Well now that you've been able to take a deep breath, howta'hell did your investments do yesterday?!?  Our retirement investments dropped--like a brick--by 9.75% in one day!!  Yesterday 'The Dow' dropped 513 points--4.3%--to 11,384.  Not the worst drop since 1900, but devistating given the owe-bama Depression we've been in, practically since the immaculation.  This is one headline that won't end: "...the poor hit hardest-film at eleven!"  Here are some of the worst drops, by percentage:

1. October 19, 1987:    -508 points (-22.6%)
2. October 28, 1929:      -38 points (-12.8%)
3. October 29, 1929:      -31 points (-11.7%)
4. November 6, 1929:    -26 points (-9.9%)
5. December 18, 1899:    -6 points (-8.7%)
6. August 12, 1932:         -6 points (-8.4%)
7. March 14, 1907:          -7 points (-8.3%)
8. October 26, 1987:   -157 points (-8.0%)
9. October 15, 2008:   -733 points (-7.9%)
10. July 21, 1933:            -8 points (-7.8%)
11. Yesterday:              -513 points (-4.3%)                           

[For you 'statistics geeks:'  6 republicRATs; 7 democRATs/owe-bamacRATs]
  When one considers just the percentage figures, yesterday's owe-bamadrop doesn't seem so bad, but.... Yesterday, it was my (our!) money!!!
NOTE TO: Congressman (er..Congresswoman-we must be 'pc,' mustn't we!) Ann Marie Buerkle:

•  I suggest that the time has come to rescind, negate, amend; the Gramm-Leach-Bliley Act (aka: Financial Services Modernization Act of 1999).  Your crack research staff will find that--among other things--the GLB Act removed the 'wall' between banking, investment, brokerage and insurance companies allowing all kinds of financial mergers and takeovers.  The aforementioned mergers and takeovers were instrumental in laying the groundwork for the future sub-prime mortgage meltdown of 2007; were instrumental in creating huge financial institutions that were deemed to be "too big to fail."
•     Further Ms Buerkle: I contend that the time has also arrived to re-instate the 'uptick rule,' which simply states that "short sales" cannot occur except on a stock's uptick in price.  This rule would have precluded the vast number of "short sales," for the primary purpose of price-manipulation (driving down the price); which again would have precluded  most--if not all--of the extreme market losses noted above.

   Now, back to the current 'laser-like focus' of "Clown Prince" owe-bama; more accurately, his spend-thrift ways.  Giving the "Clown Prince" a blank check--in the form of raising the debt-ceiling--resulted in a further loss in confidence by European, North American, Asian governments and financial markets.  Giving the "Clown Prince" a blank check--in the form of raising the debt-ceiling--resulted in the national debt reaching 100% of GDP!!  This international loss-of-confidence coupled with the American citizens' loss-of-confidence caused the greatest per-day point drop in the Dow since the immaculation!!
Til Nex'Time....