Fed drops interest rate 3/4 point; US stock market diving

This is bad. The stock market is down 335 points (it was down by as much as 464) and the fed just cut interest rates by 3/4 of a point (they were expected to consider cutting by half a point later this month). CNN just interviewed someone at the NYSE saying that the market wants the government to lead, not follow, and cutting rates AFTER the world markets plummet is following. And is anyone surprised? That's what a Republican administration does. It doesn't do anything until its friends in big business are getting hurt. Now we're all about to get hurt.