The call for more Fed stimulus is like watching Game of Thrones when one of the many kings or lords states "more wine for all". Well of course we would love more wine, but is that really a good idea when we are running out of it? How much more can the Fed do? I am sure they can do more, but at some point, lower rates, buying bonds and all of the other tools in their arsenal doesn't fix the problem with this economy. The economy has never fully recovered from the financial crisis and it shows in the job market and the GDP numbers. The only way to get the economy started is to grow GDP and when that is anemic and you are spending too much, it is a recipe for disaster.
One may point that out that we have no choice. I take a more balanced approach and offer solutions that balance growth, deficit reduction and spending to keep the economy running. The Fed has pretty much bought 2 trillion (yes TRILLION) of government bonds to keep rates low and helps the government maintain a lower interest rate on the debt they owe. At some point the wine bottles are empty and interest rates will rise. If the economy is not on solid footing, then this will be a real problem!
The main point here is that we need to Fed, our leaders and president to work together to fix this and not just use rhetoric on twitter and websites all day. If you worked for a larger company, you wouldn't accept this and neither should we. This is not an easy problem to solve, but just asking the Fed for more wine, when the bar is almost out, is not a good solution....