Bernanke: QE2 to "Create" 700,000 Jobs Over 2 Years

Let's give him the benefit of the doubt - of course there will be no way to ever prove or disapprove such theories.  (but if the Fed were such a great job creator, I say let's ban the private sector - it's highly inefficient compared to a central overlord)  If accurate, for the mere cost of $857,000 per job, Bernanke will bring us 700,000 new jobs in the next 24 months.  Apparently all these jobs will be brain surgeons, entry level professional baseball players, and wall street bond traders.... based on the pay scale.  Or we're vastly overpaying for the newly minted nail technicians and account receivable clerks....

By this measure, the poorly designed $800B Congressional stimulus plan of early 2009 was a bargain indeed!  I believe all the jobs "created or saved" only cost us around $130K a head (don't quote me on the exact number).  Who knew!?? Pelosi is a far better steward of money then Ben!

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Using Bernanke math, all we need is about $6.8 Trillion of QE and all 8M+ jobs lost during the Great Recession will be regenerated.   QE3 thru QE9 should do the trick.