John Boehner said Tuesday the Republicans got "90 percent of what we wanted" from the budget deal. So presumably he and his colleagues are willing to take responsibility for some 450 points of today's mammoth 513-point drop in the Dow Jones Industrial Average.
I'm being a bit facetious -- but only a bit. It's always dangerous to read too much into one day's move in the stock market.
Of course, there are a lot of factors that figure into the ongoing dive -- economic uncertainty in Europe, for example -- that have nothing to do with the US. But jitters about jobs and the threat of a double-dip recession are driving a lot of it. If Republicans got 90% of what they wanted from the debt limit deal, then Republicans now own 90% of responsibility for the economy...[CLICK TO READ FULL POST]
