Any GOOD Economic News? NO! Dow Down. Oil Up. GM Out?
Posted on June 26, 2008
Filed Under Journalism, Media Advice, News, Personal Development, commentary |
The economic news just keeps getting worse daily it seems.
Today alone, the following:
The stock market–the Dow Jones to be exact–plunged faster than a penny off the roof of the Empire State Building.
The Dow reached its lowest level in about two years, down almost 360 points!
Oil futures kept climbing, now passing the $140 a barrel mark.
Shares of General Motors are trading at their lowest level now since 1955.
Bank of America says it will soon eliminate more than 7 thousand jobs.
Shall I go on?
McCain’s defeat
It would seem pretty obvious that people who are hurting financially will probably blame, at least in part, the Bush administration and that is bound to rub off in a bad way on John McCain.
I haven’t seen one respected economist as yet predict the economy will return to “normal” anytime soon.
So, it appears as if this presidential election is strictly Barack Obama’s to loose.
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