Operation “Twist” is DOA. The fundamental problem is lack of demand and to have demand we must prop-up the consumer, not with gimmicks cooked up in back-room deals among politicians but by genuine tax and political reforms.
It does not matter if banks ease lending.
The engine of capitalism was the American consumer, led by the middle class. But the policies of the two parties have run that engine without oil for 30 years and now the engine has seized.