You are exactly right. Giving the Treasury unlimited approval to back all FDIC insured deposits up to $250,000 by simply printing more dollars and feeding them into the system is highly inflationary. Not to mention backing all these mortgages AND the lenders...while presently the credit markets are tied down with panic. Will be interesting to see if they can stave off this democrat created economic storm. I don’t believe they can let the air out of the balloon slow enough...
what we need to do is not focus so much on cutting taxes but rather cut spending and get the fiscal house in order. the market needs security right now