Stocks Tumble on Global Economic Concerns

Stocks tumble over growing concern about the U.S. economy and the continuing economic crisis in Europe. This follows the sharp decline in the markets on Friday, after the dismal job report by the Labor Department, where employment in the U.S. remained stagnate, as for the first time since 1945 the economy produced no new jobs.

The President faces a difficult week, when Thursday he will give a Joint Address to Congress and announce his plan for reducing the persistent high unemployment, which has been over 9% for much of the past two and half years. Recent polls have shown a sharp decrease in the public's overall confidence in the President's ability to solve the nation's economic woes.

If on Thursday the President unveils polices of the past, or announces very little new policy initiatives, the markets on Friday will react negatively, as the business community will then refrain from investing in the economy. This stems primarily that the uncertainty of doing business has not been removed from the economy.

The nation will have to wait to see what the President proposes on Thursday.

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