Whentheirelected representativessubsequentlycannot mustertwo-thirds to raise taxes orcutanother part of thebudget, votersthen profess shock attheir incompetence.
To me, it appears that the best case that the Fed can muster for QE2 is that options markets suggest that investors cut their expectations of the odds of deflation from 40% before QE2 to 10% now.
The United States was unable to muster a single additional vote for that candidate, the former president of El Salvador, and instead cut a deal to elect an anti-U.S. socialist from Chile as OAS chief.