And the Fed hasn't been wrong about everything it's done. The stimulus created lots of jobs, just not nearly enough, largely because it was half as big as it was designed to be... http://www.usatoday.com/money/economy/2010-08-30-stimulus30_CV_N.htm
Now I don't have much education in the area of economics but the from what I can tell we've been on an economic recovery for sometime now, most people are just complaining because the job growth is too slow (jobs have always been the hardest part of the economy to boost growth in from what I've read.)
Also it seems like a lot of other countries are criticizing this move because it would impact their economies. But if it improves ours in the long run I don't know if we as Americans should really care if we are no longer the money sink hole of the world.
