We'll Fix the Problem by Doing the Same Thing Again and Again

Our current credit problem was created by the massive credit expansion of the past three or four years. As the Fed went down on interest rates and creative financing vehicles were invented to get more people in those new homes being financed (many of whom could not afford the mortgages they were taking) dollars and debt flooded the market. Now with the bubble bursting the Fed and the Treasury are trying to fix the problem by expanding the credit and money supply -- the very two reasons we are in this problem to begin with.

That's like trying to cure a brain tumor by giving someone leukemia.