White House Looks For A Quick Fix. And Finds It

February 28, 2010

White House Looks For A Quick Fix. And Finds It

Martin McCauley writes: Times are hard in America. Despite all the rubbish, coming from the government, experts and bankers about the recovery kicking in, the country’s economy is going down the toilet. President Barack Obama’s popularity has gone through the floor and confidence among Americans is at an all time low. Imagine a meeting in the White House involving the Chief of Staff and senior advisers. CoS: Guys, we’re in trouble. The economy is down and our people are miserable, including our beloved boss. What do we have to do to cheer them up? Voice: How about asking the Federal Reserve to print enough money to give every American a hundred grand? That’ll cheer them. CoS: I’m sure glad you’re not in charge of the Treasury or the Fed. If we did that the dollar would collapse...