Is there any sense of irony in this white house that Obama is praising reforms he would never do here, or even ask of the various state governments dominated by Democrat party legislatures:
May 6 (Bloomberg) -- President Barack Obama is getting regular updates on the fiscal crisis in Greece and the Treasury Department is “monitoring the situation closely,” White House press secretary Robert Gibbs said.
“The president has heard regularly from his economic team” on Greece, Gibbs said at his daily briefing. “The reforms that needed to be enacted in Greece are important and will take some time.”
U.S. stocks fell today the most in a year on concern Europe’s debt crisis will halt the global recovery. The Dow average ended down 347.8 points, or 3.2 percent, at 10,520.32 at 5:50 p.m. in New York. The Standard & Poor’s 500 Index closed down 3.2 percent at 1,128.15.
The selloff briefly erased more than $1 trillion in market value as the Dow Jones Industrial Average fell almost 1,000 points, its biggest percentage loss since 1987, before paring the drop.
0 comments:
Post a Comment