Apparently banks which can afford corporate jets and hundreds of millions in bonuses to complete morons who have run companies into the ground are suddenly afraid to lend money. This slight detail has not evaded the administration, who are now proposing another $400,000,000,000 into the black hole that is big business to increase lending. I have stopped keeping track of the waste that the government has shoveled between these corporations and the bailouts. Much of this debt is already being monetized since foreign lenders are concerned for the solvency of the US, so expect inflation to rise up again as more dollars are chasing fewer goods.
I notice the British have a lot of cartoons on this topic, but over on this side of the pond we seem to be lacking in good political cartoons on printing money. I guess it is one more area in which we have lost our competitive advantage.
