It is About Inflation

Sure protesters have a long list of grievances, once you start complaining you can find a lot to complain about, but Tunisia started because of unemployment and the high cost of goods, Egypt followed-after 3 decades of rule, what did Mubarak do to the people that was any different? "It's the economy stupid" as they say. The Kuwaitis figured it out early and threw money and food at their population, the Bahrainis tried to unsuccessfully, Gadhafi has been much more up front and just dropped bombs on his people, but he's never been known for good judgement. Now the Saudis are trying to buy their way out of a revolution and Obama and Bernanke are trying something similar. The problem is the Saudis can afford it, for the Americans it will be little more then a token gesture.

These governments and Central banks are like bad traders that just can't admit when they are wrong, take their lumps and regroup. The scheme in America is especially futile, but once again, it's just more money on top of the trillions that may have actually had some beneficial use that is simply burned up in academic exercises of stupidity and of course, favoring those that keep them in power. We'll see how much time this buys the Saudis because that's the best it will do is buy time.