case that the recovery act, the actions of the federal reserve, the autos, even the much distasteful t.a.r.p. helped to accelerate those corrections. peter, can we expect the fed do you think will do another round of quantitative easing? if we get a qe-3, project out for me what does that do, do you think, to october jobs numbers, the last numbers before the november election? i do think we ll get another round of quantitative easing, thousand it will be redundant because of all the money from europe and already pushed down rates. it won t have a lot of consequence for october. i think jared and i, you know, both have studied economics for many years would agree those are consequences with a lag, and there s little the fed can do to influence the outcome of the election. ingts sad that the fed will act, because i don t think it will do much good. they re doing it because of political pressure, and i believe it is a mistake. do you agree with that? it s totally agree with the po