A band-aid solution

My prediction of a 5-7% drop today was wrong.  Why?  More government meddling.  Early this morning before the market opened, the Federal Reserve voted to drop the federal funds rate by .75%.  While this does not seem like too much, this is almost unprecedented.  The last drop of this magnitude was over 20 years ago!  

How will this affect our economy?  The dollar will grow even weaker, since it will not offer competitive interest rates to the Euro.  Some people with mortgages will see a slight break in July when their rates reset, but it will likely be too late for most.  

Worse, instead of having a one day or one week major crash, the market will likely crash over the next several months to 1 year, so recovery will take that much longer.