At least compared to the response of the Bank of Japan after their housing bubble burst. Check out this recent article on the subject which contains the following:
"The following graph compares the cumulative growth in the broad money supply of both Japan and the US for the first 14 months after the starts of their respective post-credit crash recessions (April 1992 for Japan and December 2007 for the US):
The difference is quite dramatic. 14 months after Japan's recession began, the Japanese money supply had cumulatively grown by less than 1%. Here in the US, 14 months after the start of our recession, the money supply has already increase by almost 11%."
Go Ben...get busy... pump it up...it's your birthday.....grow M2 like it's your birthday.....
Hat tip to Tim Iacono.