STOCK MARKET FELL FROM 12850 TO 10800 IN 2 WEEKS

EVERYONE should have seen this. And what happened immediately after the stock market fell over 600
points and rallied back to only a 400 point loss?? Well the obama spoke. In the next ten minutes after he spoke,
the market crashed back down another 200+ points. Why? Because obama spoke smoke and mirrors and
had nothing concrete to say; just more of the same.

Related articles

• Obama's One Economic Upside Heads Down (thecaucus.blogs.nytimes.com)
• Dow Crashes 600 points, Obama Mental Illness Worsens: "The U.S. will always be a triple-A country despite what rating agencies say" (atlasshrugs2000.typepad.com)

So what happened next? The Republicans said the same thing they have been saying for over a year. "It's
not about adding income. It IS about reducing spending." And S & P rating agency agreed and downgraded
the US debt for the first time in our history.

The treasury market rallied. Why? Because the world knows that the DOLLAR is strong. But the stock
market took it hard and everyone with a mutual fund or 401K lost money

We need to reduce spending NOW. And contrary to the Republicans thought, we need to both lower federal
taxes while closing loopholes which allows GE to make hundreds of Billions of dollars profit and pay no tax plus by adding a national 1/4% national sales tax on everything except food and medicines. Between the parts,
the debt could be reduced enough to shrink to a NON-GROWTH phase. And in 10 years the debt could
be lower than it is now by several trillion dollars. That's real money people. We pay real money on the interest on that debt. The lower the debt and less we spend on interest - the more we can spend on US citizens.

BUT we need to act now! The congress needs to act NOW!

And that's the way I see it...
Straight Talk with Jay Clifford