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Hat Tip: Cap’n Bob & the Damsel
| Nuke the Moon |
The Corrupted Lamb writes:
Monday, February, 23, 2009 6:57 PM
The only difference between Carter and Obama?
Carter wanted me to wear a sweater, Obama wants my shirt!
Wall Street plunged for a second day, triggered by computer gear maker Cisco Systems warning of slumping demand and retailers reporting weak sales for October. Concerns about widespread economic weakness sent the major stock indexes down more than 4 percent Thursday, including the Dow Jones industrial average, which tumbled more than 440 points.
Major indexes have lost about 10 percent since Barack Obama was elected president -- a vote preceded by a steep rally -- and the losses represent the Dow's worst two-day percentage decline since the October 1987 crash.
Paper losses during that time in U.S. stocks came to $1.2 trillion, according to the Dow Jones Wilshire 5000 Composite Index, which represents nearly all stocks traded in America.
If elected president Sen. Barack Obama said he would round up all of the loose nuclear materials and rid the world of atomic weapons in his first term.
The likely Democratic nominee warned Wednesday of the dangers of "fighting the last war," and said during a speech in West Lafayette, Ind. he would focus on emerging nuclear, biological and cyber threats.
"As long as nuclear weapons exist, we'll retain a strong deterrent. But we will make the goal of eliminating all nuclear weapons a central element in our nuclear policy," he said.
"While our fuel standards haven't moved from 27.5 miles per gallon in two decades, both China and Japan have surpassed us, with Japanese cars now getting an average of 45 miles to the gallon," Obama said."I'm not sure where he got that figure," Toyota spokesman Mike Michels said. "No carmaker gets 45 m.p.g. Ours is closer to 30 m.p.g." If elected president, perhaps Obama's first appointment should be a fact-checker.
"I'll bet he was tired. Well, at least he didn't say that Japanese cars are getting ten thousand miles per gallon." - Jim Geraghty
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