Dow drops below 10,000 amid fears about global economy

The Dow Jones industrials plunged below 10,000 today after traders dumped stocks on worries about the global economy and tensions between North and South Korea. Full Story
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stinky taco

Saint Paul, MN

#1 May 25, 2010
down, down ,down down.
Darin

United States

#2 May 25, 2010
And awhile back, they said we were on a rebound with the economy, what other fine excuses are they going to come up with. Has anyone ever noticed, they blame other countries for the economy but no one ever mentions the money loss for the bail outs that us tax payers have to pay back
BHO

Minneapolis, MN

#3 May 25, 2010
Change that has bankrupted us.

Will BHO PLEASE start bailing out individuals so they can keep their houses?

They also need money for cell phones, IPODS, computers, bikes, boats, snowmobiles, skies, wind sails, etc etc etc......

BHO PLEASE hurry I'm getting bored!!
durr hurr

United States

#4 May 25, 2010
The headline writer forgot the word 'unexpectedly', like they use with the unemployment stats. Probably just absent-minded racism.
The economy is in recovery. For realz. That is all.
Independent Voter

Minneapolis, MN

#5 May 25, 2010
I wonder what the spin from the White is going to be when May unemployment numbers show around 10.2% up from 9.9% in April? A bump in the road I bet
Minn

Saint Paul, MN

#6 May 25, 2010
BHO wrote:
Change that has bankrupted us.
Annual rate of return, S&P, W Bush years:-8.36%
Obama years:+19.16%
Indie

Minneapolis, MN

#7 May 25, 2010
Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA TODAY analysis of government data finds.
At the same time, government-provided benefits from Social Security, unemployment insurance, food stamps and other programs rose to a record high during the first three months of 2010.

The trend is not sustainable, says University of Michigan economist Donald Grimes. Reason: The federal government depends on private wages to generate income taxes to pay for its ever-more-expensive programs. Government-generated income is taxed at lower rates or not at all, he says. "This is really important," Grimes says.

http://www.usatoday.com/money/economy/income/...

Well he did promise change, he never mentioned this though.
Minn

Saint Paul, MN

#8 May 25, 2010
Independent Voter wrote:
I wonder what the spin from the White is going to be when May unemployment numbers show around 10.2% up from 9.9% in April? A bump in the road I bet
You want to bet on that one?

So, you're unhappy with the fact that 1/2 million private sector jobs have been added in the past 4 months? Of course you are - that might mean bad results for Republicans. Rule in h-e-l-l and all that, right?

Of course, probably didn't hear anything out of you when 4.6 MILLION private sector jobs disappeared from December 2007 to the day Obama took over. Show us one post you made in that time period decrying Bush and Republicans for that. Go ahead.
east sider

Saint Paul, MN

#9 May 25, 2010
Oh, just feel all that Hope and Change!
Are you kidding

Minneapolis, MN

#10 May 25, 2010
Minn wrote:
<quoted text>
Annual rate of return, S&P, W Bush years:-8.36%
Obama years:+19.16%
That's your best shot? REALLY?
Honestly, all chiding aside..........tell me something
that is NOT George Bush's fault. Something wrong today, that
your party will simply own up to. Since you own the gov't,
just once own up to its problems. The Republicans haven't
been able to pass anything of theirs or stop anything of yours
for over 16 months now. You can blame them for what they did
before, but only if you take responsibility for what you are
doing now.
JAdams

Minneapolis, MN

#12 May 25, 2010
For all you Obama voters, socialism works great until you run out of other people's money.
durr hurr

United States

#11 May 25, 2010
Indie wrote:
Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA TODAY analysis of government data finds.
At the same time, government-provided benefits from Social Security, unemployment insurance, food stamps and other programs rose to a record high during the first three months of 2010.
The trend is not sustainable, says University of Michigan economist Donald Grimes. Reason: The federal government depends on private wages to generate income taxes to pay for its ever-more-expensive programs. Government-generated income is taxed at lower rates or not at all, he says. "This is really important," Grimes says.
http://www.usatoday.com/money/economy/income/...
Well he did promise change, he never mentioned this though.
Yes he did. He said 'America is a great country. Let's change it'.
Indie

Minneapolis, MN

#13 May 25, 2010
Minn wrote:
<quoted text>
You want to bet on that one?
So, you're unhappy with the fact that 1/2 million private sector jobs have been added in the past 4 months?
And how many have been lost?
Minn

Saint Paul, MN

#14 May 25, 2010
Indie wrote:
Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA TODAY analysis of government data finds.
At the same time, government-provided benefits from Social Security, unemployment insurance, food stamps and other programs rose to a record high during the first three months of 2010.
The trend is not sustainable, says University of Michigan economist Donald Grimes. Reason: The federal government depends on private wages to generate income taxes to pay for its ever-more-expensive programs. Government-generated income is taxed at lower rates or not at all, he says. "This is really important," Grimes says.
http://www.usatoday.com/money/economy/income/...
Well he did promise change, he never mentioned this though.
Cute. Tell us, what percentage of national personal income is comprised by family assistance - you know, welfare? Its share of national personal income is not at an all-time high, contrary to what this article wishes to portray.

As for the other "record", the share of personal income that comes from earned money is just a shade under 90%. It broke this record many times during Bush's time in office, but somehow we never saw articles to that effect or people like you propagating them, did we?
Minn

Saint Paul, MN

#15 May 25, 2010
Are you kidding wrote:
<quoted text>
That's your best shot? REALLY?
Honestly, all chiding aside..........tell me something
that is NOT George Bush's fault. Something wrong today, that
your party will simply own up to. Since you own the gov't,
just once own up to its problems. The Republicans haven't
been able to pass anything of theirs or stop anything of yours
for over 16 months now. You can blame them for what they did
before, but only if you take responsibility for what you are
doing now.
My best shot? No, just informing you of facts to deflate your nonsense. What I spend most of my time doing here.

The record is clear and you can make all the noise you want. Want to lose your shirt? Elect a Republican. Want to do better? Elect a Democrat. That keeps getting proven time and again.
Minn

Saint Paul, MN

#16 May 25, 2010
JAdams wrote:
For all you Obama voters, socialism works great until you run out of other people's money.
Wow, so original! We've never heard that bumper sticker comment from Thatcher before!

So, please tell me why it's better to lose over 8% annually as compared to gaining 18% annually. Bush robbed the cookie jar, sweetie, and he thanks you for your continued support.
durr hurr

United States

#17 May 25, 2010
east sider wrote:
Oh, just feel all that Hope and Change!
I can! I believe! It feels just like imminent worldwide economic collapse and chaos and martial law n stuff!:-)
Are you kidding

Minneapolis, MN

#18 May 25, 2010
Minn wrote:
<quoted text>
My best shot? No, just informing you of facts to deflate your nonsense. What I spend most of my time doing here.
The record is clear and you can make all the noise you want. Want to lose your shirt? Elect a Republican. Want to do better? Elect a Democrat. That keeps getting proven time and again.
I guess I should have believed you the last time I tried
debating you and all you did was spew the Media Matters
(amongst a few others) talking points. There are 3 types
of people to you; you have made that very clear. Democrats,
Republicans, and those who are REALLY Republicans but are
too ashamed to admit it. And, as you just posted, Democrats
are always right, everyone else is always wrong, and
Democrats don't ever have to answer for what they do as
you just proved. It was a very simple question; so simple
even you can understand it. You own the gov't; what are
you willing to own up to in problem areas? Time to put
up or shut up my Democrat friend; just answer the question
straight up or admit you can't.

Oh, and more insults without and answer is an answer.
Teabagger_Voyeur

Minneapolis, MN

#19 May 25, 2010
Wow... below 10,000... that's nowhere near the depths reached at the end of the Bush presidency! Glad I'm young and can buy low, sell high!
Indie

Minneapolis, MN

#20 May 25, 2010
Minn wrote:
<quoted text>
Cute. Tell us, what percentage of national personal income is comprised by family assistance - you know, welfare? Its share of national personal income is not at an all-time high, contrary to what this article wishes to portray.
Well please do post something to back up your assertions. No offense but I'm sorry if I don't take your word for it. Let's see, national publication vs. some guy who posts on Topix 16 hours a day? Hmmmm it's a toss up. Please do post something showing that private pay is not at a historical low. Please, I'd be happy to read any reputable source you can provide. Thanks in advance.

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