To me it was more about eight years of bad policy before (Obama) got there that let this happen. It was Dracula running the blood bank in terms of oil and leases. I think that has more to do with it than how the president reacted to it.
If the Treasury were to fill old bottles with banknotes, bury them at suitable depths in disused coal mines which are then filled up to the surface with town rubbish, and leave it private enterprise on well tried principles of laissez-faire to dig the notes up again (the right to do so being obtained, of course, by tendering for leases of the note-bearing territory), there need be no more unemployment and, with the help of the repercussions, the real income of the community, and its capital wealth also, would probably become a good deal greater than it actually is.john maynard keynes
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