Driving The Economy - Like a Car on Mars

After a $700 billion bailout and buy-ins and 'assistance' totaling tens of billions more, the Fed has also cut the interest rate again -  to a near all-time low.   If the economy was a car they'd be stepping hard on the accelerator with no thought to the brakes.

Something the Fed and our other leaders don't seem to realize is, the economy is slow to respond to any stimulus, like driving a car on Mars by remote control from Earth.  Whatever control input you make here -accelerate or brake, takes time to result in action on Mars.  Patience and perfect, planned timing are required.

What we may have here is too much input, made without patience and with imperfect timing.  The economic accelerator has been mashed to the floor multiple times and that 'car' just won't move quickly enough for our leaders, so they are mashing it down again. 

If the upcoming Holiday season doesn't generate enough consumer buying to 'accelerate' the economy, then more pedal mashing by the Fed could be coming.

Meanwhile, on Mars all hell is about to break loose.  Let's hope someone remembers the brakes.