The Federal Reserve plans are very simple. Mortgage the country to try and sustain the unsustainable by any means necessary. To talk about government spending and misallocation of funds misses what is being done, which is Wall Street hijacking our government to keep a debt ponzi-scheme going. It is a ponzi-scheme by definition.

Still, what the Banks said would be fixed, when Paulson threatened us with martial law has not been done. CREDIT IS STILL CONTRACTING, which is the driver of all economic woes.

http://www.zerohedge.com/article/has-government-sowed-seeds-green-shoots-or-another-depression
What I am saying is that the government’s actions to date have not fixed the underlying problems or helped stabilize the economy. The government has been doing all of the wrong things and made the situation worse by, among other things:

(1) Throwing trillions of dollars at the “too big to fails”, instead of admitting that many of them are insolvent

(2) Undermining trust of nations all over the world in the American economy
(3) Failing to restore Glass-Steagall, reign in credit default swaps, or do anything else necessary to stabilize the financial system
(4) Attempting to restart high levels of leverage and securitization
(5) Failing to take real measures to decrease employment and increase manufacturing

(6) Creating an enormous debt overhang and trashing our currency