In a nutshell, the Fed's plan is to create a "wealth effect" by buying Treasuries. The theory here is as asset prices rise and consumers feel wealthier, they'll spend more, in turn helping to revitalize the economy.
With the persistence of fiscal deterioration and skyscraper high unemployment, Congress must quickly pass urban jobs legislation. Restarting the economy is impossible without restarting its economic engines: cities.
Pimco's hiring of Neel Kashkari is a slap in the face for a public who is sated with examples of government handouts to the undeserving and the revolving door coziness perpetuated at public expense and detriment.