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Stocks Drop Nearly 700 on Recession Confirmation

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Uploaded by on Dec 1, 2008

The reality that the nation is indeed in recession and that the downturn may well be prolonged sent Wall Street plunging Monday, hurtling the Dow Jones industrials down nearly 700 points and wiping out more than half of last week's big gains. (Dec. 1)

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  • Seriously Seka1986?

    So your logic is that Obama, who has not yet had any control as the executive officer of our country, has caused this recession? A recession which has been in effect for almost a year now while he was only campaigning in the primaries? Really?

    Hmmm, So the Republican party and the current Republican executive officer of our nation (Bush) had no effect or made/is making any decisions which directed the Treasury, Federal Reserve or TARP initiatives over the past 8 years?

  • our elected representatives have FUCKED the American people....we MUST end the democrat/republican strangle hold on the govt

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  • burn america :D

  • I find it funny that those people who ring the bell are always smiling and clapping even on days like that.

  • Im a mortgage banker, call me tommorro and ill guarantee you a 5.375% thirty year fixed with only 1 point in discount with little fees..

  • For years and years the rich have been sucking this country dry. Wow it's finally coming to bite americans in the butt. What do you think was going to happen when all those jobs are being shipped over seas for cheaper labor.These CEO don't give a damn, all they care about is their bonuses and how much they can save the company..

  • The market has gone wild, for too long, people not spending money, inflation went up too fast, example real estate, gas, food and many more. The companies wanted the old law back since Hoover days, so congress gave a yes, and now at the mess, now Congress says is too late, they are gonna fix it, but is way too late.

  • What the devil are you talking about and how did you know the black light trick, hmmm??

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