Big Ben Bernake still defends his decision on the 600 billion dollar pump

Cnn released an statement from Ben Bernake Federal Chairman of the Federal Reserve defending the Fed's decision to buy up to 600 billion dollars in treasuries.  Claiming that it has worked in the past and will create more jobs.

http://money.cnn.com/2010/11/18/news/economy/Bernanke_Frankfurt_defense/index.htm?source=yahoo_app

I'm not sure where Big Ben is getting his statistics from but what happen to the trillions of dollars the Fed already pumped into the system promising the same economic growth and new jobs and what perspective of past years is he looking at.  Cause it’s obvious in the short run things seem find when dot.comers were making tons of money by going public in the stock market and even when housing prices seem to sky rocket up to 4 times their original value but when you look at time from a long run perspective things are always not fine.  These so called mail investments never flatten off like every investor thinks and almost always plummet in value.  And who is left to fix the problems in the end the same group of theorists who hold believe in strict fiscal policy to maintain an economy is needed.  I bet today if John Maynard Keynes were alive he might be appalled at the degree at which government impacts the country’s Gross Domestic Product.  One thing we should all know by now is yes its great when the Government says it wants to subsidize programs for people but in reality it is not.  The Government never gets a good deal out of anything! War contracts for weapons, buildings, spoons, food, Medicare prescription plans, Medicaid etc...  Do you think the government gets quantity discounts, do you think the government gets quality product or services, do you think the government gets bang for its buck.  Your answer should be no because no one individual or company cares about treating the government like a loyal consumer.  Once congress or the Fed have made their decision their business is guaranteed for these programs or companies it becomes a done deal and "nothing is more permanent than temporary government program"- Milton Friedman.  I guess the point I’m getting to is that the Government acts has though it has so much to give but in reality Government has nothing and the only way it gives to you and I is by taking from you and I and in the end causing prices to shoot up! There is no such thing as perfect economic system but let’s just look at history and decide what is best for us.  Less government and more private sectors always leads to better jobs, deals, prices, and stable growth.