Fiscal cliff warning sends stock market lower
by The Associated Press
Nov 26, 2012 | 1123 views | 1 1 comments | 4 4 recommendations | email to a friend | print
Stocks are closing mostly lower as Washington lawmakers and business groups bicker over the proper rates for taxing and spending.

In Europe, leaders tried to cobble together another bailout loan for Greece.

The Dow Jones industrial average lost 43 points to close at 12,967 Monday.

The Standard & Poor's 500 index fell three points to 1,406. The Nasdaq composite eked out a gain of 10 points to end at 2,977.

Macy's, Target and Saks fell on worries that the strong start to the holiday shopping season may not last.

A report by White House economists warned that consumer spending would suffer if no deal is reached on budget talks.

Three stocks fell for every two that rose on the New York Stock Exchange. Volume was thin at 2.8 billion shares.
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Trelicious
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November 26, 2012
Not a sustainable way to run government. Take from the productive, give to the non-productive, and criticize the productive for not "giving enough". Guarantee free money to anyone claiming a need. I'm not talking about a helping hand to the truly needy, I'm talking about giving hundreds and hundreds of dollars to people for groceries every month just because they refuse to work. I'm talking about subsidizing cellphones because the unemployed deserve to have everything the employed have. I'm talking about a government that forces children who give 100% and desire to learn to sit in the classroom with those who have no intention of learning a thing and only want to disrupt.

Fairness killed America.

It wins elections, I'll give you that.
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