Bonddad. Follow the link for the analyses behind his conclusion (emphasis in the original):
. . . for everybody out there who is saying “there is no organized central plan to this problem” — there isn’t one available. There is no book out there that says, “this is how you undo years of financial damage in 3 easy steps.” It just doesn’t exist. There are a lot of armchair economists out there saying this is a bad idea or that is a bad idea. What these people are forgetting is the previously made point — no one has a clear plan on what to do because one doesn’t exist. It’s that simple.
The point of the previous two paragraphs is to point out that we are in clearly uncharted waters in a big way. There are no rules that apply — we’re trying to figure this thing out as we go along. Also remember that no one in the incoming administration has a crystal ball either. While there are a lot of very smart and capable people out, there don’t have the magical “how to fix this crisis in three easy steps” book either. In other words — it’s going to be a long and difficult road going forward.
I wouldn’t want Mr. Obama’s job for the world.