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Thu Dec 20, 2012, 09:36 PM

Stock futures plunge 200+ points on GOP

http://www.bloomberg.com/markets/stocks/futures/

U.S. stock futures plunge as GOP ditches 'Plan B'

By Michael Kitchen
LOS ANGELES (MarketWatch) -- U.S. stock-index futures dropped sharply late Thursday on news that a Republicans had cancelled a vote on their back-up measure to prevent the end of the Bush tax breaks for those earning $1 million or less. A little more than half an hour after House Speaker John Boehner said he was killing the vote due to lack of support, the Dow Jones Industrial Average futures were down 1.5%, the S&P 500 futures were 1.4% lower, and Nasdaq futures were off 1.3%. The cancelation appeared to signal dissent in the Republican ranks, reducing the odds on a timely deal to avert the fiscal cliff of austerity measures due to take place at the start of the new year. The news also hit Asian markets trading at the time, with Hong Kong stocks falling and Japanese shares coming off their earlier highs.

http://www.marketwatch.com/story/us-stock-futures-plunge-as-gop-ditches-plan-b-2012-12-20

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Reply Stock futures plunge 200+ points on GOP (Original post)
moobu2 Dec 2012 OP
CAG Dec 2012 #1
NewJeffCT Dec 2012 #2
customerserviceguy Dec 2012 #4
JEFF9K Dec 2012 #3

Response to moobu2 (Original post)

Thu Dec 20, 2012, 09:41 PM

1. repugs are such experts in tanking economies. nt

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Response to moobu2 (Original post)

Thu Dec 20, 2012, 09:41 PM

2. well, all it takes is 25-30 GOPers to side with Democrats

to avoid the cliff.

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Response to NewJeffCT (Reply #2)

Thu Dec 20, 2012, 11:00 PM

4. Won't happen

Any Rethugs who side with the President are going to be primaried. And while the tea party cannot always win a general election, they've been remarkably successful during primary season in most states. They damned near defeated Mittens, its just that there were way too many little dickheads to gain a majority of the support of the teahadists, and Romney was able to play divide and conquer.

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Response to moobu2 (Original post)

Thu Dec 20, 2012, 09:43 PM

3. in

In other words, stocks are on sale!!

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