Comment on Chaos after Downgrade: Dow closes down 633 points after final plunge

Chaos after Downgrade: Dow closes down 633 points after final plunge

Thank You Tea Party! You Wanted Chaos, You Got Chaos! In an interview on July 27, House Speaker Boehner confessed Republicans want to "force default" and "create chaos." Looks like the Tea Party got its wish. The Dow Jones industrial average finished the day down 633 points Monday after a full-day sell-off accelerated in the final hour of trading as investors struggled to absorb Standard & Poor's decision to downgrade the United States' credit rating.

 

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