Ah and the dow keeps dropping any guesses when Bernacke will

ahem come to the rescue?

He's dropped the rates to near zero.

The only thing left is to try an constrain the speculators in the commodity exchanges to try and create a sudden fall in commodity prices that will alleviate the inflationary pressures.

There really is nothing else that can be done.

They broke through the bottom of consumer confidence. We're in this for a long haul.

Remodelling and consumer spending to be done in the Midwest following the floods will help a bit regionnally as recovery spending puts several billion dollars into household spending.

system will keep the pitchforks and torches away til they can get outta Dodge.

of cards together until at least November

From what I've been able to read and understand (high finance is not my forte) they are pretty much in check. The odds of them having enough maneuverability to perform a check mate are pretty astronomical.

More money in the markets increases inflation and furthers the "stagflation" of the larger economy.

Lowering interest rates, even to negative numbers, won't help because it's a crisis of trust at this point. The banks don't trust each other to be liquid enough to repay any debts on anything (they all know that the otherguy is cooking the books too). They also know consumers are maxed out and won't loan them money. So liquidity is drying up.

And so if there is less money to buy things, other people don't make things.
If people don't make things, inventory backs up.
If inventory backs up, folks are laid off.
If folks are laid off, they have less money.

He can flail around and try the mad money toss, but when you are half-way down a snakes gullet, asking it to stop tickling your toes is fairly useless.