DOW Drops Over 200

Big jobless claims and worse than expected manufacturing numbers helped make for a bad day on Wall Street.

Stocks tumbled Thursday after a disappointing ISM report on manufacturing piled on to worries about the economic recovery.

The Dow Jones Industrial Average lost more than 200 points, or 2.1 percent — it’s worst decline since July 2, which was before the summer rally began. The S&P 500 fell 2.4 percent and the Nasdaq dropped 3.1 percent.In my column at AIP today I talk about how the administration is going to be spinning numbers like these for the next few years, as well as pointing to their own fictitious numbers like their “jobs saved” claims.

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