Oh so that's why the market is plunging again.
We need to get a grip, folks. Keep telling yourself and your friends that "Obama's Coming". (And he's acting fast on economic issues.) (That being said economists say that the real problem is that businesses and people need to debt payments, and can't get new loans so they are being forced to sell stock at whatever price they can get for them. I'm not sure those aren't the same economists that assured us that there was no price manipulation on oil, though now some journalists are reporting on massive manipulation in early 2008 on the price and even that China was hoarding oil --ostensibly to be sure to have enough for the Olympics-- through August 2008)
The best analysis I heard on the way the president elect has jumped in to do what he can now is that Obama believes in one president at a time, but then he noticed that there was no president working on economic issues (if Bush is working on anything but running out the clock).
See CNN Money report "It's official: Recession since Dec. '07" on the revision of recession assessment by the National Bureau of Economic Research (which makes it safe for mainstream news to say the "R" word).