President Obama had little time to celebrate his re-election, as stock markets across the globe tumbled in fear of the fiscal cliff fast approaching.
More than $600bn (£380bn) of tax rises and cuts in government spending are due in early January.
If law-makers in Washington fail to reach a deal to avoid this “taxmaggedon” it will seriously damage the fragile economic recovery, and have repercussions across the globe.
via President Barack Obama facing fiscal cliff as stock markets fall – Telegraph.
You reap what you sow America. Now deal with 4 more years of increasing debt, increasing crime and jihadists undermining us because they just got a renewed 4 year lease.
Seems like the market has a mote correct reaction to the spirit of Obama than the people that voted him in.
Markets have been sinking since the ‘anointed one’ got re elected. Dow has been down close to 300 points yesterday and 121 points today.
Imagine if it all this happened today but it was Bush that got re-elected? Let me oaint this picture fir you:-
1)The 2 day market crash would be Bush’s fault and the gays would reiterate how terrible he is for the economy.
2)Bush would have been deemed a rascal for hanging out with Jay Z and Springsteen moments after the devastating Hurricane which is also his fault.
3) CNN would have cast the whole election in doubt and stir people to push for a recount in Ohio and Florida.
4)Today’s Iranian attack on a US drone would be because of Bush’s evil foreign policies.
But because it is Obama that got re-elected again, we the people and media will let it slide and blame the policies of the usual suspects…Bush and Jews.
Happy Friday infidels!