Stocks drop sharply after Republicans cancel tax vote; 'fiscal cliff' looms

  • Article by: STEVE ROTHWELL , Associated Press
  • Updated: December 21, 2012 - 11:12 PM

NEW YORK - Investors sent Washington a reminder Friday that Wall Street is a power player in talks to avoid the "fiscal cliff."

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roadtoruinDec. 21, 1211:55 AM

No left wing bias in this headline. Not at all. Nosireebob. And the Strib wonders why they have gone over the financial cliff?

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xyz123qDec. 21, 1212:34 PM

I lost money in market right after Obama was elected, made money when it started to look like we were going to go over cliff, and lost money today because a there is a record rate of people on government welfare.

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mjcmspDec. 21, 1212:35 PM

roadtoruin, reality has a left wing bias. The right was slapped in the face with reality several weeks ago, but apparently still haven't accepted that their views of the world are based on a constant state of suspension of disbelief.

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jeffreyacDec. 21, 12 1:09 PM

is that really why stocks sank,once again bad reporting just to sell paper

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jburchettDec. 21, 12 1:41 PM

Fiscal cliff is propaganda put forth by left to scare the idiots that keep voting for them.Washington is biggest gathering of empty suits in history of the world.there is not a true leader in bunch on either side of aisle.If these fools represent best in America , America is doomed.

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dogmanDec. 21, 12 1:56 PM

The DOW is up 5k since President Obama took office.. a Bush nominee coined the phrase "fiscal cliff" (progressives prefer "fiscal slope")... the fact that Boehner couldn't deliver his caucus to vote for his own bill as a result of republican infighting is hardly Obama's fault.. nor is the somewhat minor drop in the DOW. The election is over.. the people have spoken.. one side and their ideas won.. the other side lost. The sooner you teapublicans accept that fact.. the better we'll all be.

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roadtoruinDec. 21, 12 5:46 PM

"reality has a left wing bias"??????? The left has virtually no basis whatsover in the concept of reality. The tenets of Leftism: Punish the hardworking and successful while rewarding the lazy. Protect the rights of cold blooded killers but show no regard for the lives of innocent unborn children. Attack Christianity at every turn but bend over backwards to accomadate Islam. Virtually every aspect of Leftism is completely illogical and bordering on the insane.

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guessagainDec. 22, 12 6:54 AM

roadtoruin: "The tenets of Leftism: Punish the hardworking and successful while rewarding the lazy. Protect the rights of cold blooded killers but show no regard for the lives of innocent unborn children. Attack Christianity at every turn but bend over backwards to accomadate Islam." The fact that you and the FOX-fed righties actually believe this tripe says mountains about the far right's twisted view of reality. Wake up you will see that the Left does not hate the successful, we believe that innocent children should not be slaughtered by assault rifles, and most of us are Christians.

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theagonybhoDec. 22, 12 8:13 AM

The BS of how great the market is doing since Obama took over is just that BS. Its all propped up by the feds, if we wernt printing money and trying stimulous after stimulous the market would be where it should be , bad. 2013 expect a crash folks this house of cards is ready to tumble.

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