Awesome News! As Obama Signs Biggest Pork Bill EVER, Markets Hit Record Lows…

By PUMA Pundit on February 17, 2009

This is what happens when people who have an entitlement mentality choose someone who has no experience in creating economic growth as the leader of the nation… CNBC

Stocks tumbled to November levels Tuesday as investors faced a fresh sign of the deepening recession and dilution worries gnawed at bank stocks.

The Dow Jones Industrial Average shed nearly 297.81 points, or 3.8 percent, to close at 7552.60, within one point of its November closing low. (The November intraday low, however, is about 100 points lower.)

The S&P 500 lost 4.6 percent to close at 789.17, and the Nasdaq dropped 4.2 percent to close at 1,470.66.

Michelle notes that the Dow has lost 2,000 points since Obama was elected. I say who cares, these are just capitalist benchmarks anyway. In our soon to be national socialist economy, no one shall pay attention to such nonsense…