Dow slips nearly 300 points - International Herald Tribune: "The downward spiral came as President Obama signed the $787 billion economic stimulus package and executives at General Motors and Chrysler prepared to submit major restructuring plans to the U.S. government after receiving billions in bailout money."
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The stock market fell like a rock while the President was signing the bill that is supposed to rescue the economy. The stock market had already plummeted 2000 points in a nose dive that started on November 4, 2008--election day. If Obama doesn't do something soon to reassure the markets that his government is on the side of capitalism, I think we are in for that major depression people keep talking about.
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