It's supposed to run a little rich always, until you get a dyno tune. That said, you shouldn't have clouds of black smoke pouring from your tail pipe(s).
the liquid is probably water (natural result of combustion), since you have a lot more fuel and a lot more air to burn it in, you'll get a lot more water coming out of your tailpipes. It may smell a bit like fuel, but if you capture a drop between your fingers, you'll feel a complete difference than that of gasoline.
Woe to him who builds his palace by unrighteousness,his upper rooms by injustice,making his countrymen work for nothing...Does it make you a king to have more and more cedar?Did not your father have food and drink?He did what was right and just,so all went well with him. He defended the cause of the poor and needy,and so all went well...But your eyes and your heart are set only on dishonest gain,on shedding innocent blood and on oppression and extortion. Jer 22:13, 15-17