in august of 2011. senate leader, mitch mcconnell, told the washington post exactly how he saw our nations stepmom it. quote, what we did learn is this. it is a hostage that s worth of rain summing. a hostage. that is how republicans view this. that is how we should to. here is what happened, five days after mcconnell s hostage statement. this was a dark day for the nation s finances, and for millions of americans with a financial stake in the market. the very same americans, who are still processing the fact that our country has lost its top credit rating. here is the damage from today. the dow, down 634 points. that is the sixth largest point drop in its history. the worst, since await. nasdaq, losing just about 7% of its total value. s&p 500, losing 6.6% of its value in one day. the president went on television, midday, to reassure americans that the damage was done. the markets continue to drop while he spoke, and the damage continued. it is a bigger systemic problem wi
i am going to use a word tonight that i do not use lightly. i am not using it because it s my word. i m using it because it s mitch mcconnell s. after the first time republicans used there payment national bargaining trip, back in august of 2011. senate leader, mitch mcconnell, told the washington post exactly how he saw our nations stepmom it. quote, what we did learn is this. it is a hostage that s worth of rain summing. a hostage. that is how republicans view this. that is how we should to. here is what happened, five days after mcconnell s hostage statement. this was a dark day for the nation s finances, and for millions of americans with a financial stake in the market. the very same americans, who are still processing the fact that our country has lost its top credit rating. here is the damage from today. the dow, down 634 points. that is the sixth largest point drop in its history. the worst, since await. nasdaq, losing just about 7% of its total value. s&p 500, losi
television, midday, to reassure americans that the damage was done. the markets continue to drop while he spoke, and the damage continued. it is a bigger systemic problem with the real end in sight. that is now known as black monday. it wasn t to our nation s worst financial in the long shot. it is entirely avoided one. the entire history as a nation, the u.s. is always paid stats. it is such a gigantic economy, loaning the u.s. government money has been a safe bet, and a stable investment, around the world, for a very long time. it s all of a sudden stop paying its debts, and that say that would crumble. the global economy would be thrown into chaos. don t mean that there is biker partisan support to make sure that such a calamity does not happen, ever. in both 2011, in 2013, republicans use that safe bet as a hostage. they threatened financial collapse. now, even we though we never
down 634 points. that is the sixth largest point drop in its history. the worst, since await. nasdaq, losing just about 7% of its total value. s&p 500, losing 6. 6% of its value in one day. the president went on television, midday, to reassure americans that the damage was done. the markets continue to drop while he spoke, and the damage continued. it is a bigger systemic problem with the real end in sight. that is now known as black monday. it wasn t to our nation s worst financial in the long shot. it is entirely avoided one. the entire history as a nation, the u.s. is always paid stats. it is such a gigantic economy, loaning the u.s. government money has been a safe bet, and a stable investment, around the world, for a very long time. it s all of a sudden stop paying its debts, and that say that would crumble. the global economy would be thrown into chaos. don t mean that there is biker partisan support to make