Post Election Stock Market Nosedive Continues…

This has been the worst reaction to a presidential election in history.
The stock market continued to slide today.

Obama Post-Election Slide—

Today the market dropped 428 points.
This is the largest post election stock market sell off in history. The market is down at least 1,000 points since the election. Today the Dow ended below 8000 points for the first time since 2003.

It probably didn’t help that Barack Obama announced today that he chose Tom Daschle to head the Health and Human Services Secretary. Ezra Klein at The American Prospect notes that this is the clearest evidence yet that Obama means to pursue comprehensive health reform.
This can’t be a good sign for the free market economy.

Paul Mirengoff at Power Line takes a serious look at the changing global economy.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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Thanks for sharing!