Tuesday, September 23, 2008

Lemmings Leaping

Let's Get Out of Debt By Increasing Our Debt!

Then, We Can Leap Off the Cliff!

One Can Only Assume They're Destroying America On Purpose

Dow Plummets 373 as Markets Rethink Rescue - The euphoria that swept Wall Street late last week evaporated Monday as the Dow plummeted 370 points, crude oil prices spiked $25, an all-time record, and the greenback suffered its worst day ever against the euro.

Today's Market (Monday the 23rd)

The Dow Jones Industrial Average closed down 372.75 points, or 3.27%, to 11015.69. The broader S&P 500 Index closed down 47.96 points, to 3.82%, to 1207.12 while the Nasdaq Composite Index ended down 94.92 points, or 4.17%, to 2178.98. The consumer-friendly Fox 50 Index fell 28.21 points, or 3.13% to 873.24.

Turbulence continues to reign on Wall Street as the Dow closed with a triple-digit move for the sixth consecutive trading session. Monday's losses halve what was the largest two-day percentage jump for the S&P 500 since October 1987.

“Uncertainty breeds volatility. Until there is more clarity on the status of the U.S. financial system, there is going to continue to be volatility in both directions," said Michael James, senior equity trader at Wedbush Morgan Securities.

... meanwhile ...

Immigration to U.S. Slows Dramatically as Economy Falters - WASHINGTON — The wave of immigrants entering the United States slowed dramatically last year as the economy faltered and the government stepped up enforcement of immigration laws.

The nation added about a half million immigrants in 2007, down from more than 1.8 million the year before, according to estimates being released Tuesday by the Census Bureau.

"The U.S. is still a beacon for many people who want to come here for all kinds of reasons," said William Frey, a demographer at the Brookings Institution who analyzed the numbers. "But what this shows is that the economy plays a big part in it."

The U.S. has added an average of about a million immigrants a year since 1990, including those in the country legally and illegally.

At more than 38 million, the number of immigrants in the U.S. is now at an all-time high. Immigrants made up 12.6 percent of the population in 2007, the largest share since 1920, when the U.S. was nearing the end of its last immigration boom, one that brought millions of people from Europe to the United States.

That wave of immigrants ended with the Great Depression and the onset of World War II.

... all this occurs as ...

We Continue To Deny GOD,

U.S. Mint Releases New Penny Designs - "In God We Trust" is noticebly missing - again!

Old Design Vs. New

The Observer

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