Free Republic

On October 17, 2013, President Obama said: “You don’t like a particular policy or a particular president? Then argue for your position.Go out there and win an election. Push to change it. But don’t break it. Don’t break what our predecessors spent over two centuries building. That’s not being faithful to what this country’s about.”

Equities markets fell precipitously in New York as data highlights continued weakness across the board, from labor markets to manufacturing. Europe, falling off a cliff as authorities try to limit contagion, while Berlusconi tells investors Italy’s markets are sound, haven’t helped either. All three U.S. equity indices were trading deep in the red, having approached losses of 3%.