This is how you "create" jobs -- you create an environment that is friendly to employers!
Rick Perry:
FIRST: "Don't spend all the money!"
SECOND: "Have a fair and predictable tax and regulatory policy!"
THIRD: "Have a legal system that doesn't allow for over suing and make loser pay!"
None of these measures can keep markets out of bubble madness. Severe skin in the game is the only self enforcing moderator there. Easy money encourages bubbles.
Of course there are degrees of risk. It is almost certainly better to risk bubbles than to suffocate an economy.
...I'd call it something else, Obama F-ing up the economy...