The government has a lot of problems and no one seems interested throwing off the shackles of the political allegiance to solving them. So, it's left to the Federal Reserve. After all, it's their job to deal with monetary policies.
However, what's being dubbed in the media as the "Operation Twist", the Feds hope to lower interest rates further to spur borrowing across the board.
How does it work? More at Greenjava. My personal feeing is that it could keep Wall Street happy enough that there won't be a massive job loss and plunge into a second recession. However, creating jobs is not likely to happen until there is a political solution