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Stock market drops 107 points during Bush’s speech on the economy.»

Posted By admin On October 10, 2008 @ 12:47 pm In Money Watch | Comments Disabled

Friday, October 10, 2008

Today, President Bush gave an eight-minute speech on the economy [2], which was meant to reassure the markets [3]. “This is an anxious time,” said Bush. “But the American people can be confident in our economic future.” However, ABC News notes that during those eight minutes, the Dow Jones dropped another 107 points. The Dow was down 78.70 at the beginning of Bush’s address [4], but at 185.66 by the end.

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URLs in this post:

[1] THINK PROGRESS: http://thinkprogress.org/2008/10/10/stock-drop-bush/

[2] eight-minute speech on the economy: http://www.whitehouse.gov/news/releases/2008/10/20081010.html

[3] reassure the markets: http://www.cnn.com/2008/POLITICS/10/10/bush.balancing.act/index.html

[4] down 78.70 at the beginning of Bush’s address: http://abcnews.go.com/Politics/Economy/story?id=6002792&page=1

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