Friday, November 19, 2010

Bernanke Claims QE II will Create 700,000 to 1 Million Jobs; Where? Mexico, Peru, China

By Mike "Mish" Shedlock for Global Economic Trend Analysis

In the truth is stranger than fiction category, Fed chairman Ben Bernanke tells US Senators that Quantitative Easing will create 700,000 to 1 Million Jobs.
Inquiring minds are asking, if that's all it took, why didn't he do so in 2008 when the unemployment rate started soaring? Why not double it and create 1.4 to 2 million jobs?

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