https://pjmedia.com/tatler/2011/08/08/dow-declines-more-than-300-points-and-falls-below-11000-following-obama-speech/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usWed, 10 Jun 2026 07:24:41 -0400<![CDATA[On the basis of its market reaction, Wall Street clearly rejected President Obama&#8217;s first comments on Standard and Poor&#8217;s historic downgrade of U.S. sovereign debt from AAA to AA+. During his address the Dow drop accelerated and dropped below 11,000.]]>Mon, 08 Aug 2011 11:35:46 -0400<![CDATA[Richard Pollock]]>https://pjmedia.com/richard-pollock/2011/08/08/dow-declines-more-than-300-points-and-falls-below-11000-following-obama-speech-n151488