Heard on the Street: Bernanke's Mountain to Climb - WSJ.com

Heard on the Street: Bernanke's Mountain to Climb - WSJ.com: "- Sent using Google Toolbar"

Perhaps dropping hundred dollar bills from helicopters will make it appear as though the economy will recover; but, will those torrents of dollars encourage job creation?

One finds it hard to believe - read the comment by the head of Intel in today's paper saying it costs an extra billion dollars to locate a factory in the US. Or, read California Governor Swartzenagger's opinion piece on address public employee pension and benefit problems.

None of these 'problems' are on the Washington agenda. So what good would torrents of new cash do?

Also, it's worthwhile reading how Greece suddenly finds itself having an 11 point spread on debt. Within a year the cost to Greece of financing its debt didn't just go up 1 or 2% but, somewhere between 8 and 11%. What would this do to America's government budget?