unfortunately, this time it won't. FED can't print 100 trillion dollars, which is needed to solve the problem caused by financial derivatives meltdown. USA is democratic country. Leader will have to consider voter's opinion. When a large portion of voters are retirees, you can't just print money to induce inflation. Those retirees hate inflation more than anyone and they will do everything they can to vote out any president who let inflation to take hold.
Have you heard the name "PAUL VOLCKER"?
