Wednesday | January 29, 2003
Markets fall, bigger deficits
Every time Bush opens his mouth, the markets take a dive. Within minutes of opening the Dow Jones Industrial had already tanked 110 points, dropping below the 8,000 mark, almost all on war jitters spurred by last night's SOTU address.
Seperately, the Congressional Budget Office announced even larger projected deficits for 2003 -- $199 billion if no new tax cuts or spending programs are enacted (which is nowhere near Bush's intentions as last night demonstrated).
Private economists are convinced the number will easily exceed $300 billion, and could reach as high as $400 billion.Posted January 29, 2003 06:52 AM | Comments (40)