What did the markets think of the Republican’s austerity measures?

Posted on August 21st, 2011 by admin1 in republican marketing

Do they think there will be growth going forward?

In recent days the markets said a big Nope! The S&P is planning to downgrade America’s credit today, let’s see what Monday brings. I’m expecting the markets to plummet

9 Comments on “What did the markets think of the Republican’s austerity measures?”

  1. Travers Watson

    Cutting spending in the middle of a recession was a stupid idea from the beginning.References :

  2. NO MA'AM

    They think without them the Dow would have hemorrhaged 2000 points.References :

  3. Ignorance through Fox

    The tea terrorists little hostage taking trick is not going to calm the markets. Only a complete right wing hack would deny the tea party didn’t have anything to do with the drop.References :

  4. mbcorson2000

    nothing was cut and the democrat majority in the senate passed the bill. THEN the democrat president signed it into law. you look foolish, do you feel that way too?References :

  5. Me J

    I thought raising taxes in the middle of a recession was a no-no…

    …but that’s what I get for listening to Barry Obama.

    On a side note. We are in TERRIBLE shape. There is going to be some pain – but it’s better now than later. Without real, and meaningful "entitlement" reform – and a balanced budget… we are committing a terrible injustice upon future generations.References :

  6. Barney Frank's pet Gerbil

    The DOW was up 60 points todayReferences :

  7. Jeff D

    Nothing’s been cut yet and the vast majority of the cuts are years in the future (if they ever happen). I suppose it’s possible that the markets are looking that far ahead, but with first and second quarter GDP figures being revised downward, employment numbers in the tank, and several European countries teetering on the brink, it seems like there’s plenty of more contemporary news for the markets to react to.References :

  8. fistycuffs

    In recent days the markets said a big Nope! The S&P is planning to downgrade America’s credit today, let’s see what Monday brings. I’m expecting the markets to plummetReferences :

  9. kchess07

    The markets are displaying their dissatisfaction with the small size of the cuts due to the blockage by the Democratic Senate, and S&P’s movements today towards a downgrade. Egan-Jones has already downgraded. Tax and spend is no longer viewed by them, as a growth philosophy.References : http://wallstreetpit.com/79665-egan-jones-officially-cuts-u-s-credit-rating

Leave a Reply

More News