[TheRealThing]

George H had a saying I liked, "Been there, done that." I've seen left wing nut fiscal policy in place before. That was during the Jimmy Carter era and for anybody who was trying to run a household, those were some very rough days for bread winners. I also had the privilege of seeing Ronald Reagan come in and deliver America from the scourge of the Keynesian experiment headed up the Carter Administration. You and vector have yourself a nice laugh between you, because nobody else on here is goofy enough to buy into it.

Under Carter, William G Miller became Chairman of the Federal Reserve. He didn't have the courage to go with the level of quantitative easing we have seen during the Obama era and failed to prop up the dollar to any extent. The dollar fell dramatically against the yen and the mark and the result was called 'stagflation'. Stagnant wages and inflation caused the misery index to peg.

These days liberals have learned better thus open ended quantitative easing has spared the stock market. Not so with wages and growth though, and that's why so many were upset with the president for anteing up only a one trillion dollar stimulus, fearing a decline similar to that of Jimmy Carter. Wages are stagnant and taxes are up. That along with over 18 trillion in debt assures us that everybody, will at some point face the financial piper. ObamaCare is every bit the bust predicted, and although a healthy stock market is better than a crashing stock market, I believe the predicted 'correction' may yet cause more grief than most are prepared to deal with.