Monday, August 8, 2011

Snap analysis: Obama fails to reassure markets after S&P move | Reuters

Snap analysis: Obama fails to reassure markets after S&P move | Reuters: "What should a U.S. president say to stop stock markets from falling and reassure Americans that the country will be able to solve its debt and deficit problems?

President Barack Obama's first public comment about Standard & Poor's downgrade of U.S. debt to AA-plus from the top-notch AAA was not enough to stop a market plunge of 600 points, with investors uncertain if Washington can overcome political gridlock.

Here is a look at what Obama tried to achieve:"

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