We are seeing it to the market’s response to bond sales and quantitative easing. Obama thinks he can have it his way, but he will eventually find his hands tied by the market.

Smith’s invisible hand eventually forces every price to find it’s true value in the market. The same will happen with the price/value of our currency and monetary system.

The price will be abject misery, not just for millions of Americans, but for global citizens everywhere.

To mod your analogy a bit, the pilot is dead and the co-pilot has redlined the engines to try to get over the mountain even though the fuel gauge is broken and the tank has a leak….

I do not see a “soft landing” in this. Where’s Alan Greenspan when we need him?

Mew

Eventually, even the Obama administration may learn that lesson. America can only hope that lesson gets learned before the economy ends up in the wrong bowl of porridge.

At the rate this Administration is doubling down on the bad policies, I’d say there is no way they are going to learn the lesson in time.

The only real way out of this is to begin with massive spending cuts…there is not other way. And that is the one thing that this administration will not consider…not that congress would allow them to cut, even if they wanted to.

We are on autopilot now…flying directly into the side of a mountain of debt.