What really spooked the market?

This past year we've been discussing with our financial adviser about when to start drawing down the IRA, 401-k, etc. There is a formula, you know. You can't just start willy-nilly taking money out or you might have some serious tax problems. David said, "It depends on the election. The Democrats will raise taxes, and that will be bad for the market. But it will also determine if you start it in tax year 2008 or 2009." So why has the market dropped so rapidly--aside from all the media trying to talk the country in to a recession, that is? Business smells a Democrat president. The Democratic party is now the party of the rich, so I'm sure they'll take care of their own. It's all the rest of us, especially boomers moving into their retirement years with supplemental savings and pensions invested in the stock market who will suffer.

We already know the way to stimulate the economy is to cut taxes; it works every time, even for Democrats. But that doesn't penalize the successful, hard-working American, even if it does bring in more monopoly funny money for Congress.