The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Obama Signs Porkulus; Dow Tanks

Posted by iusbvision on February 18, 2009

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.

Today there are talks about the next phase of the so called “recovery plan” the Dow is down 50 points as of 10AM.

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