The AP notices that big government spending programs are hurting, not helping, the economy.

Money Q:

To understand how this is all connected, you have to think like a bond trader. Inflation is their enemy because it means the purchasing power of the dollars they receive when bonds eventually are paid off will be diminished. The only question is by how much.

Isn't inflation the enemy of every American, especially those on fixed incomes?

Meanwhile, as usual, Robert Samuelson explains it better.