Monetary Policy: Quantitative Easing vs. Tightening Policy

Which policy do you support?  Why?

The Federal Researves have repeatedly announced that it would maintain a lower interest rate policy, while providing more liquidity (money) to the markets.  Of course, more supply of liquidity can cause inflation in the near future.  Which political groups support which policy?  What are their supporting logic (or rationality)?

Just feel free to link website or post your opinions on this issue.

Fiscal Policy: Expansion vs. Austerity

Which policy do you support for the U.S. government policy?  More importantly, Why?

Most governments in advanced economies have expanded government’s spending.  But in some cases, espeically in the Euro area, expansionary fiscal policy has been one of most controversial policy issues.  Of course, a similar debate has been going on here in the United States.  Can you identify key politics groups (proponents & antigonists) on the fiscal policy issue in the U.S.?  What are their distinctive logics to support their policy position?  Which one do you support?