O Hell is breaking loose. D for Depression is spoken. Obama Punts on Plan*Killer Graph

Trader: "We're On The Verge Of A Great, Great Depression"

Stocks sink.

You break it you own it Barack.

I am just telling you as well--Main St. is in bad shape. People are croaking for jobs all around the country, new grads are coming onstream to join the unemployment lines, and inflation is hitting us in food and fuel.

Americans are wrung out.

STOP the DC Depression. CUT Spending. NOW. Mr. President.  

More. Bloomberg:

House Speaker John Boehner and other Republican leaders said the private session in the East Room focused on the impact of the government’s debt on the economy and jobs.
“If we’re going to get serious about creating jobs in America we’ve got to reduce some of the uncertainty” within the business community, Boehner said outside the White House. “Some of that uncertainty is caused by the giant debt that is facing our country.”

Republicans are holding to their demand that spending cuts exceed an increase in the government’s legal debt limit, he said.

More. Killer graph added above.