March 01, 2013
Four years of zero interest and a $2.1 trillion increase in the Fed's balance sheet hasn't provided much bang for the buck. That $2.1 trillion divided by 6 million jobs is $350,000 per job. The federal government has run deficits of $1.4 trillion, $1.3 trillion, $1.3 trillion, and $1.1 trillion the last four years. The total of the deficits — $5.1 trillion — divided by the 6 million jobs is $850,000 per job. All this stimulus hasn't been so stimulating.
Posted by Naxal Watch at 7:27 PM