Recession Fears and the Election

NEW YORK (Reuters) - U.S. stocks tumbled on Tuesday after a warning by phone company AT&T of soft consumer spending sparked a new round of recession fears, helping drive the S&P to its worst-ever five-day start to a year. Link

In my humble opinion: A speedy and efficacious remedy is needed for the slow bleeding  but worrisome US economic hemorrhage which began a few months ago. Otherwise, it's certainly curtains for the Republican party in the next election, given that things are going relatively well in Iraq and fear of terror has abated.