Dow Drops More Than 500 Points

[12thMan]

Unfortunately, this is very political. The state of our economy and it's pending recovery is centered around our politics and our ability (or inability) to come up with a solution. It's not just the employment numbers and other economic data driving global uncertainty, but the uncertainty coming out of Washington and whether or not our lawmakers can find common ground and signal to the world that we're not going to let the ship sink. No one really liked the debt deal. It's nearly economicaly impossible to prime the economy through austerity measures.

The recent debt ceiling fight left all political players badly wounded and people are now asking how to do we get from here to there if there are no more tools in the toolbox. The Fed is out of bullets, the White House can't/won't get any sizable economic package through this Congress. So it's really wait and see from here on out. I guess economy heal thyself will be the new theme coming out of Washington.

[Ruhskins]

Originally Posted by 12thMan

Unfortunately, this is very political. The state of our economy and it's pending recovery is centered around our politics and our ability (or inability) to come up with a solution. It's not just the employment numbers and other economic data driving global uncertainty, but the uncertainty coming out of Washington and whether or not our lawmakers can find common ground and signal to the world that we're not going to let the ship sink. No one really liked the debt deal. It's nearly economicaly impossible to prime the economy through austerity measures.

The recent debt ceiling fight left all political players badly wounded and people are asking how to do we get from here to there if there are no more tools in the toolbox. The Fed is out of bullets, the White House can't/won't get any sizable economic package through this Congress. So it's really wait and see from here on out. I guess economy heal thyself will be the new theme coming out of Washington.

Good points. I meant to say that I wasn't being political with my statement. I'm just glad to get some type of good news. It seems that for the past couple of weeks any news about the economy was bad and depressing.

[saden1]

Originally Posted by 12thMan

Unfortunately, this is very political. The state of our economy and it's pending recovery is centered around our politics and our ability (or inability) to come up with a solution. It's not just the employment numbers and other economic data driving global uncertainty, but the uncertainty coming out of Washington and whether or not our lawmakers can find common ground and signal to the world that we're not going to let the ship sink. No one really liked the debt deal. It's nearly economicaly impossible to prime the economy through austerity measures.

The recent debt ceiling fight left all political players badly wounded and people are now asking how to do we get from here to there if there are no more tools in the toolbox. The Fed is out of bullets, the White House can't/won't get any sizable economic package through this Congress. So it's really wait and see from here on out. I guess economy heal thyself will be the new theme coming out of Washington.

Republicans championed gridlock and they got it.