They need to print money to fund the already passed ‘stimulus’.
They’re trying to do it without printing money - as that would result in hyperinflation.
But the Fed announcement that if the T-bill sales fail, then they would themselves buy the bonds or whatever means exactly that - that they have to actually print it.
Want a 2,200% return on capital? Hire big shot Capitol Hill lobbyists and let them do their thing.
A study reported in the Washington Post Sunday says companies that hire lobbyists see $220 in revenue for every $1 it costs them.
University of Kansas professors looked at the impact of a one-time tax break that let multinationals “repatriate” profits earned overseas, cutting their tax rate from 35 percent to 5.25 percent. The over 800 companies that got in on the deal saved an estimated $100 billion in the process.
The Post says:
http://www.businessinsider.com/best-investment-there-is-dc-lobbyists-2009-4