Operation Twist.

Did it backfire on Republican attempts at political intrusion on the Feds?  The timing seems impeccable.

Some people have noted that the Republican plan, essentially, is to stall government, or purposely make the US economy fail, purely for political reasons.  Ezra Klein has suggested that it's a psychological issue that is blinding Republicans by their own politics.

So while the Feds are trying to do all they can to push the economy, and the President has a jobs proposal in Congress, the Republicans have decided that the solution to debt and the economy is simply to cut taxes.

Operation Twist could help the US economy a lot, but there's a problem: Republicans won't allow it to work.

Oh, and that 283 point Dow Jones Industrials drop today, was not a negative reaction to the Feds directly, but an indirect reaction to the signal that the economy is quite bad, and that's why the Feds announced Operation Twist.  And even before they could start, the 10-year UST plummeted to 1.88%.