NEW YORK ( TheStreet) - On Nov. 8, 2010, I posted an article defending Bernanke's decision to purchase $600 billion in securities.I said, "Does he expect that much job creation will come from $600 bond purchases? Probably not. But he also understands that the US Congress is so dysfunctional that it will not pass a new stimulus package in the foreseeable future." So what happened? Certainly I was wrong, and Bernanke probably guess incorrectly as well: Congress, in the "lame duck" session, passed a new $917 billion stimulus package. Time for a reassessment.