The San Francisco Fed published a short discussion relating to actions that the Fed may take going forward. Bernake today warned that the Fiscal actions of the Obama Plan may not be enough. Now look at the Fed Balance Sheet above. We have increased the Balance Sheet of the Fed by $1.2 Trillion just since last summer. This is in addition to the TARP of $350 billion, the next $350 billion and the Obama plan for Tax and Government spending of $775 billion. We are rapidly approaching $3 Trillion! Soon this will be real money. The good news is that allegedly the TARP and Fed numbers could be collected back at some time. The Obama numbers are just out the window,
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