The 501 drop today is a loud signal to DC that this economy is in serious free fall. What the market and our economy needs right now is bold action, but action which signals back that America is going to a free market, and the government is backing off the interventionist approach. Obama should announce that a designated group is looking at all regulations blocking economic growth, and that energy production is in full operational mode. Another good touch would be to assure the market that agriculture subsidies and regulations will be eliminated. Free market principles especially applied to energy and food production would go a long way toward cranking up our economy and lowering unemployment.
It wouldn't hurt to repeal Obamacare.