the BIG bu$h* lie: Robust Economy

[spanone]

our Katrina economy appears to be making landfall

Stocks sink on recession fears

NEW YORK (CNNMoney.com) -- Stocks tanked early Tuesday afternoon after Citigroup's steep quarterly loss and a big drop in retail sales exacerbated worries about the threat of recession.

The Dow Jones industrial average (INDU) lost around 200 points roughly 3-1/2 hours into the session. The broader S&P 500 (INX) index lost 2 percent and the Nasdaq composite lost 2.1 percent.

Citigroup (C, Fortune 500) reported an almost $10 billion quarterly loss that was worse than expected, slashed its dividend, and said it was taking an $18.1 billion writedown related to bad mortgage bets.

The company also said it was receiving a $12.5 billion cash infusion from investors in Kuwait, Singapore and the state of New Jersey. Shares slipped almost 7 percent.

http://money.cnn.com/2008/01/15/markets/markets_0100/index.htm?cnn=yes

[AzDar]

1. The Potemkin Presidency.

[fasttense]

2. It's really not the pResident's fault

All republican economies end up tanking. It's that free market crapola that they force onto America. It will seriously destroy any economy that adheres to it. The bush was just dumb enough to go along with it.

[Turbineguy]

3. So now his lies compete

for the title of "Biggest".

[Hydra]

4. The Titanic will sink

and he'll still claim it's unsinkable.

And the MSM won't challenge him on it...after all, who wants to go to the Gitmo, really?