Bernanke and other officials at Fed think they can reduce unemployment by just forcing interest rates to near zero for years. It hasn't worked, and this New York Times article
shows some of the reasons why. Here's one excerpt:
But while Apple is far from alone, it offers a window into why the success of some prominent companies has not translated into large numbers of domestic jobs. What’s more, the company’s decisions pose broader questions about what corporate America owes Americans as the global and national economies are increasingly intertwined.
The article reminded me of this commentary by Andy Groves: on how America can create jobs