New 70s Comeback - Stagflation

Remember those fun, fun 1970s when you had to wait in line for gas and home mortgages came with a 14% or higher interest rate?

Well, those days are likely to make a comeback thanks to Obama, Reid, Pelosi and the rest of the useful democratic (and 3 republican) idiots in Congress.

The so-called stimulus bill is the exact opposite of everything that has worked before to end a recession. The exact opposite.

This will be bad, bad, bad financially. And even worse, disco may rise from the dead.

Paul Ryan agrees with me in his opinion piece in the New York Times today.