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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 prob ....
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 ....
republican senate leader mitch mcconnell told the washington post exactly how he saw our nation s debt limit. quote, what we did learn is this. it s a hostage worth ransoming. a hostage. that is how republicans view this, and that is how we should too. here s what happened five days after mcconnell s hostage statement. this because dark day for the nation s finances and for millions of americans with a stake in the markets, the very same americans who are still processing the fact that our country has lost its top credit rating. here s the damage from today. the dow down over 630 points. that s the sixth largest drop in history, the worst since 2008. nasdaq lost about 7% of its total value. s&p 500 lost 6.6% of its value in one day. the president went on television at midday to reassure americans, but the damage was done. the markets continued to drop while he spoke, and the damage continues. it s a bigger systemic problem with no end in sight. that was what is no ....
on this sunday. from the cnn center, welcome to your cnn sunday morning. 6:00 a.m. in atlanta. 5:00 a.m. in st. louis. 3:00 a.m. in berkeley. as always, a special good morning to our service men and women watching on the american forces network. thank you for being here, and thank you for what you do. i m t.j. holmes. let s start with politics and with the president. he s headed out west today to washington state, has a couple of re-election fundraisers on his schedule. also has a social madia town hall on monday, he ll be talking about jobs, of course. last night he had this message during a speech to the congressional black caucus. i m going to press on for jobs. i m going to press on for equality. i m going to press on for the sake of our children. i m going press on for the sake of all those families who are struggling right now. i don t have time to feel sorry for myself. i don t have time to complain. i m going to press on. i expect all of you to march with me ....
last sunday. dozens of families have lost their homes to wildfires. in oklahoma city alone, fires destroyed 25 homes just this week. and in texas, crews are still battling 14 separate wildfires. they have been making some progress, but a weather system is expected to bring high winds to texas to tomorrow. and that could turn the embers back into flames. politics and sarah palin s latest appearance in the critical early voting state of iowa. the former alaska governor and former vp candidate was a keynote speaker at a tea party rally. she didn t use the rally to declare her presidential bid but she definitely sounded like a candidate. watch. candidate obama didn t have a record while he was in office, but president obama sure does and that s why we re here today. candidate obama, he pledged to fundamentally transform america and for all the failures and broken promises, that s the one thing he delivered on. we have transformed from a country of hope, to one of anxi ....