December 30 2009: The Year for Plan B

"Even before the Obama team took over, Christina Romer said, and with her many others, that governments were in uncharted waters. Ben Bernanke proclaimed that Quantitative Easing was a no-miss (even though it had never been tried), and Geithner declared in the house that he needed no Plan B in case the stimulus wouldn’t work. Their belief systems are easy to spot as just that, belief systems."