Dow Jones Down… Barack Obama Up!
September 29th, 2008
Hey everybody, stocks are on sale today!
The Dow Jones dropped 777 points on Monday, its biggest single-day point drop ever. It dropped 500 points in just a few minutes during today’s House vote on the bailout bill.
The House Republicans said they had twelve representatives who were going to vote for the bailout, but turned against it because Nancy Pelosi laid some blame on their deregulatory ways before the vote. Barney Frank says they are a bunch of whiners. I tend to agree.
But not all stocks fell. Obama’s stock went up:
Look at that. Even Florida has turned a shade of blue.
Paul Krugman points out that Obama’s rise started with the collapse of Lehman Brothers. So as the market situation gets worse, Obama’s chances improve.
