With an election only 80 days away, this is very bad news for any incumbent and particularly bad for the Democrats. The voters will likely be in a “throw the bums out” mood.
It was a mixed week for the major markets.
For the week the Dow Jones Industrial Average gained 41.32 points or 0.40%.
The Standard & Poor’s 500 Index dropped -1.06 points or -0.10%,
The Nasdaq Composite dropped -14.77 points or -0.65%.
It is mixed news for BP. Crews have returned to the Gulf after heading to shore in advance of tropical storm “Bonnie”. The storm, which never came close to hurricane strength, fell apart over the weekend. During the evacuation period the cap which had been in placed over the rupture continued to hold, effectively stopping the leak.
It was an up week for the major markets.
For the week the Dow Jones Industrial Average gained 326.72 points or 3.24%.
The Standard & Poor’s 500 Index gained 37.78 points or 3.55%
The Nasdaq Composite gained 90.42 points or 4.15%
Moments after being sworn in, Sen. Carte Goodwin (D-WV) got to cast his first vote. It won’t be a moment he will soon forget. His was the deciding “yea” that broke a filibuster of the extension of unemployment benefits by the Republicans. The final tally was 60-40; exactly the minimum required.
If a person is a “career bureaucrat”, what are the odds they believe in smaller and less intrusive government?
All the major US indices were negative.
For the week the Dow Jones Industrial Average dropped -100.13 points or -0.98%.
The Standard & Poor’s 500 Index dropped -13.08 points or -1.21%
The Nasdaq Composite dropped -17.40 points or -0.79%
Faced with uncertainly and a clearly hostile Obama Administration, deep water oil drilling rigs are starting to pack up and move out of the Gulf of Mexico.
The Finance Reform bill will now to move to President Barack Obama’s desk where he is expected to sign it soon.
Is your state legislature killing your local sports team?