Markets present unhappy birthday surprise for Obama - Washington Times: "The Obama administration struggled Thursday to explain its plans for turning around the economy as stock markets plummeted for the second time this week.
“The White House doesn’t create jobs,” said presidential spokesman Jay Carney. “Together, the White House and Congress create policies that allow for greater job creation.”
The steep drop in equities that wiped out all of the gains for the year coincided with President Obama’s 50th birthday. At a celebration in Chicago on Wednesday night, the president said he is still learning about details of the recession that rocked his administration in the first year."
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