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Depression. >> exactly. and barack obama, remember, never said to the fed you have got to reduce interest rates. the reason that presidents don't do that is i don't wayou don't make the market worry that what the fed does is political. the minute the markets start worrying that the fed is politicized, the fed has less credibility. >> right. >> so you just don't want to do that. and, you know, the cries that you hear from republicans about socialism have been turned upside down. we do have socialism for the rich and for big corporations. we have very, very harsh capitalism for everybody else un...

>> do you get a sense that that sentiment might be popping up in the market downdrafts or is that separate from this, this is just a needed correction or close to it, and this other stuff is noise. might be a worry but not an immediate market worry. what do you think? >> no, i look -- i don't know. this is a long-term thing. i thought that jobs is what drives the economy, and jobs is what drives everything that happens out there. every doorsteppeds on people having -- every store depends on people having money to pay. we heard today the dollar stores are closing stores because people don't hav...