COTW: At the Far End

US Person does not enjoy beating a dead horse, but if other commentators are willing to do so, he is not willing to risk being labeled "Dr. Rude" to refrain from participation. The US Fed has, as you well know, launched a rescue of the financial markets with a policy known as "quantative easing" which is essentially using newly created money to buy US Treasury debt. The deficit has ballooned from $5 trillion before the Panic of 2008 to $16 trillion now. The central bank has a myriad of justifications for this low-interest method of financing the economy, which include job creation. NOT! These Fed charts show the facts:

Because the official unemployment figure is jiggered for propaganda purposes, commentator Graham Summers uses the labor participation rate as more representative of the actual size of the work force compared to the US population. Labor participation has not been this low since the "double dip" recession of the Regan administration in the early 80's [above]. Looking at the far end of the "chart porn" in detail shows that the four QEs launched by the private central bank has done nada for relative employment which hovers around 58.5% of the population despite the recession's official end in mid-2009 (grey shaded):