The Fed Had To Act Because The Norquist Controlled Congress Won't Pass Bowles Simpson
What the economy really needs is passing Bowles Simpson to prevent the fiscal cliff. But Grover Norquist has the the Republican controlled House of Representatives tied up in knots due to his no tax hike pledge on millionaires.
Bowles Simpson has $1 in tax hikes for $5 in spending cuts. Norquist will not allow Bowles Simpson to pass. Norquist is a lobbyist paid by the Koch Bros.
Pass Bowles Simpson and the Fed wouldn't need to stimulate.