It's cost $600 billion of your money. And it was supposed to rescue the economy. But has Ben Bernanke's huge financial stimulus package, known as "Quantitative Easing 2," actually worked as planned?
QE2 is being wound down in the next few weeks. Fed Chairman Ben Bernanke has said it has left the economy "moving in the right direction."
But an analysis of the real numbers tells a very different story.
Turns out the program has created maybe 700,000 full-time jobs at a cost of around $850,000 each.
House prices are lower than before QE2 was launched. Economic growth is slower. Inflation is higher.-QE2 Has Created a Massive New Bubble