How much regulation is too much

Finally some tea parties. Finally some people who don't usually take to the streets are fed up. Finally some people who are upset about the amount of debt being piled up that won't be paid off in their lifetime, let alone their children and maybe their grandchildren's lifetimes.
How many trillions have to be spent before the madness of it all sinks in. How many 787 billion dollar packages hafe to be passed without being read, before it is acknowledged as insanity.
The Fededral Reserve is working at cross purposes right now, they have increased the amount of debt they are incurring weekly so much that the price of Treasuries is going down, sending the yield up. So why does that matter? Well banks peg mortgage rates to the yield on 10 year treasuries, so if the yield goes up, the mortgage rate goes up. So while the Federal Reserve would like mortgage rates to stay down to jumpstart the economy, printing a trillion dollars out of thin air like they did a few weeks ago, works in the opposite direction sending mortgage rates up. Why, well because when you simply print money rather than borrowing it, the dollar becomes worth less, needing a higher interest on mortgages to stay ahead of the inflation caused by pumping so much fiat money into the economy.
Was a stimnulus package necessary, probably not. Let's just for the sake of speculation, assume a package of some size was necessary, why the rush to pass the bill so much so that there was no time to read it. And yet when it was passed on a Friday it was not signed by the President until a special signing ceremony in Denver on Tuesday. Let's see it could still have been signed on Tuesday after having been read on the weekend and passed on Monday.
Oh but that's the point, all of that pork may have not been approved by Congress, there may have been some debate, the size of the stimulus package may have been reduced. And of course the ultimate reason for the rush, to get it into the hands of the state governments before the economy could start to recover. Let's see now the stimulus money is just starting to be spent, Wall Street has climbed significantly since March 9 and shows much more potential to grow again. Historically, the market grows about six months before the recession ends which would be about September, about the time that much of the stimulus package really starts to be spent.
So coincidentally it will look as if the stimulus package is the reason for the recovery, NOT!!
So if the economy was going to recover anyway and now we have plowed trillions into it to juice it up, that means it will be artificially stimulated, so when stimulus dollars wear off, it will be like a bad hangover, hyperinflation will set in, real wages after inflation will actually go down. Unemployment will climb again and voila, stagflation as in late 70's will come roaring back. How many times do we need to learn that more debt does not solve the problem of having taken on too much debt already!!
Why don't I have more faith in Timothy Geitner, former head of the New York Federal Reserve, because it was on his watch that the economy was overstimulated with too easy credit to begin with. It was he and his cronies in the banking industry and Wall Street that overinflated the money supply and caused the bubble in housing!! So we need a bubble in the Federal Government and massive interest on the national debt(a permanent solution) to a temporary problem(housing bubble). The last time extraordinary measures were taken was the Federaal Reserve creation as a result of the 1907 panic when JP Morgan sat bankers down together are pretty much ordered them to rescue Wall Street, beginning to sound familiar, only difference is now it is government rather than Morgan doing the directing. As Seneca, the famous Roman senator said, "Those who fail to understand history, are doomed to repeat it."