Much to my surprise...not...the FED has already began QE3. I think this is a deadly mistake that will keep Wall Street afloat and making money - all the while ignoring the rest of America. QE3 will absolutely, unarguably create long-term inflation and long term stagnation. When will this government face the fact that injecting more money into the system is NOT having any desired effect beyond imperiling our future and further delaying what is impossible to avoid - America will have to get used to a lower standard of living - period. You cannot outsource jobs overseas at the same time technology and automation requires fewer employees - AND THINK THERE WILL BE NO EFFECT. For 20 years we ignored this fact and tried to pretend that borrowing is the same as earning - it is not....and that includes you Mr. President.