CSMonitor "Stocks plummet as supercommittee fails."
Stocks were sold in droves as the Congressional supercommittee failed to reach a deal to cut the deficit. The Dow turned negative, dropping 248 points to close at 11547. Stocks dropped even more sharply in Germany and France.The Politico "Left blogs cheer supercommittee's collapse."
Judging by the reaction from the blogosphere, the deficit supercommittee’s failure is a victory for the left.
Liberal bloggers are praising the widely expected collapse in bipartisan talks and the apparent failure of supercommittee to come to an agreement on deficit reduction, noting that it was the best outcome that they could have hoped for.
'Nuff said?
Related
Liberals Cheering Supercommittee Failure Shows They Never Wanted Deficit Reduced
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