Stock Market Suffers 6th Worst Week in History… Obama Goes Golfing

Gateway Pundit

The Dow registered its sixth-worst weekly fall in its 115-year history this week. It was its worst weekly decline since October 2008. The index has also dropped in seven of the last nine weeks.

Obama went golfing.
Fore!

Yes. That’s 42,000 of bling on his wrist.
Thank you, Sliderblaze!

CNN reported:

President Barack Obama had a high-profile golf partner Saturday: former President Bill Clinton.

The two hit the links on the golf course at Joint Base Andrews, a course outside of Washington that Obama plays frequently. Rounding out the foursome were Obama’s Chief of Staff William Daley and Doug Band, one of Clinton’s aides.

Source:

Delaying Tax Vote Could Crash Stock Market

US News

Failure by Congress to extend the Bush tax cuts, especially locking in the 15 percent capital gains tax rate, will spark a stock market

sell off starting December 15 as investors move to lock in gains at a lower rate than the 20 percent it would jump to next year, warn analysts. [See who gets the most money from the financial industry.]

While it is unclear how bad the sell off could be, it could wipe out the year’s gains, they warn.

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