I see on the news today where Bernanke has printed up $900 Billion (that's $900,000,000,000.00 or about 20 million pounds of $100 bills) to "quantitatively ease" our economy. That means he's going to buy debt and securities from financial institutions in the hope that they'll have more liquidity and start to spend money that will create jobs....or something like that.
I think it's BS. We, the taxpayers, are just being put on the hook for more worthless investments currently held by the shysters as "assets" which actually likely have little to no value. If these CDO's and other trash paper had value there's be a market for them and there isn't...so Big Daddy is going to save the banker's bacon while main street gets spit.
Bernanke could just as easily give every citizen $2500 each and that WOULD stimulate the economy...because why would anyone want to save it? Put it an CD at less than 1% return...or pay off a debt...paint your house...or buy something needed? Easy decision for me.
To do this the day after a devastating beating at the polls is, for Obama, another bullet. If I were Republican I'd be screeching like heck. Not to say they wouldn't do it or may even like it for their Wall Street buddies...but they get to hammer it home again...nothing for main street.
There are other risks...but I'm not an economist....and predicting hyper-inflation and such is out of my pay grade. But I do know feces when I smell 'em...and this is it.