The Dow is now at 10,712, having dropped over 400 so far today, after yesterday's couple of hundred. Will it crack 10,000? Certainly, the markets haven't responded to the Fed's latest attempt to pull us out of this 'slough of despond'. We need to bump up demand. Now is not the time to go on an overly emotional cost-cutting streak. Yes, there is waste in government and business; it should be eliminated but there are deeper problems, the worst financial problems that I've ever seen - and I've been around since WWII.
The basic problem is a lack of leadership, an other-worldly focus on being in power rather than on what our leaders' task is. These people have no concern about you or me. They should be replaced en masse.
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