Monetizing Debt - QE2 - Quantitative Easing - Industrial Smoothing

So I received a breaking news alert from CNN today. Apparently, the Obama administration is going issue another $600,000,000.00 stimulus to kick-start our economy. This time, the Federal Reserve is going to buy our bonds. Another words, one "part" of our government (if you can call the Federal Reserve that - really a consortium of banks) is going to buy the debt of the other part of our government. This last ditch effort to stimulate our economy continues to put us on the road to where Greece is today or where Germany was before WWII.

VIDEO from about a year ago, but it is related:

Oh. I thought I would throw Industrial Smoothing into the title just because it seemed to go along with the other wacky things going on. George Costanza would be proud.