What really sucks at this point is that in order to stop this runaway train, even more pain will have to be inflicted. In order for Paul Volker to break the back of inflation, it spiked up even more at first as they needed to take money out of the system to get the value of the Dollar back up. If you look at Reagan's first 18 months, inflation went crazy before it finally subsided.

It will be an initial rallying cry from the Dems as they say - see you can't fix it either.


What kills me is that we have actual history here to look back on. Why does Joe continue to think this will have a different outcome than last time they printed money and taxes business out of the country like this?