"How The Fed Spent $2 Trillion And In Exchange We Got 650,000 Temp, Leisure And Retail "Jobs""
"When we looked at the changing composition in the US work force one month ago, we discovered, to our dismay, that since the start of the Depression, the US labor pool has transformed substantially from a full-time time to an increasingly more part-time dominated one. Specifically we found that "America has lost 10.5 million full time jobs, offset by a 2.8 million increase in part time jobs" and that "the US not only lost 478k seasonally adjusted full time workers in November but has lost full time jobs for 6 months in a row, for a total of 1.6 million job losses!" In an attempt to further refine this number, we present some TrimTabs data which proves beyond a shadow of a doubt, that the Fed's QE (1, Lite, and 2) efforts, when expressed in labor force "pick up" has been an abysmal failure. To wit: "In 2010, the BLS reports that the economy added 1.12 million jobs. Almost 60% of these jobs are in one of three relatively low-paying areas—temporary employment (308,000), leisure & hospitality (240,000), and retail trade (116,000)."
I realize that the preponderance of american denizons find decimal points, zeroes, and the differences between a million, a billion, and a trillion, abit confusing.
So I will help out.
Two trillion in new debt, divided by 1.1 million jobs, equals $200,000 per job.
Which the taxpayers are expected to pay back. With interest.