Obama called to lobby Congress

President Barack Obama on Saturday called on Americans to press Congress to pass the cut in payroll taxes than in these difficult times would benefit the middle class. In his Saturday radio message, the president said although the U.S. has created jobs in the private sector for the past 21 months straight, "this has not been enough for the Americans in trouble." "We must continue on this path to grow the economy by adopting cutting the payroll tax , which will give the middle class a tax cut of $ 500 billion and would provide more money to small businesses to hire more employees to halve their payroll taxes. "The president encouraged all Americans to tell the Congress not to raise taxes during holidays and acting in the best interest of middle class families and approve the cuts now, "he said. He explained that this week the people learned that the U.S. economy added another 140,000 in November private sector jobs. "Despite strong headwinds this year, the U.S. economy has created jobs in the private sector in a row in the last 21 months, nearly three million new jobs in total, more than 500 000 have been generated only in the last four months, "he said. Surge of negative "We need to maintain and strengthen this growth. That's why we have been fighting to pass a series of jobs bills through Congress, "he said. "independent economists say that these bills will create more jobs and the economy to grow even faster. Unfortunately, it seems that many Republicans in Congress do not share the same sense of urgency, "he complained. In recent months, he said, have said "no" to most of these bills for employment. "No" to return employment to teachers and firefighters. "No" to return employment to construction workers. And indeed this week, said "no" to cut taxes for middle class families, external Obama. Just last year, both parties met to cut payroll taxes for the typical middle class family in nearly a thousand dollars, but this cut and will expire at the end of this month. "If this happens, the same family will see their taxes go up in a thousand. We can not let that happen. In fact, I think we should further cut taxes on working families and small business owners, "he concluded.

Dow Jones lost 4.31%

Wall Street falls 4.31% on a day of widespread turmoil

European indexes all closed with large declines.

This coming will be published official employment data in the U.S..

It's the biggest drop in a single day since December 2008.

The poor performance cause a bad start on the Tokyo Stock Exchange and provide a new day full of turmoil in European markets.

Wall Street on Thursday deepened their losses and the Dow Jones Industrial Average, the main indicator, closed with a sharp drop of 4.31% on a day of widespread turmoil in world markets to doubts about the economic recovery. The index, which comprises the 30 largest U.S. public companies, dismissed the fourth day of the week an impressive 512.76 points to end at 11,383.68 units, which is its biggest drop in a single day since December 2008. Even more pronounced were decreases in the other two major indexes of New York park , as the S & P 500 fell by 4.78% (-60.27 points) to 1200.07 and the Nasdaq composite index fell 5.08% (-136.68 points) to finish at 2556.39. In the final of the day investors turned more in sales that had prevailed throughout the day, responding in part to fears that the crisis debt in the euro zone economies are spreading to more weight as Italy or Spain.