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$7.66T in Stimulus Spending a Bust?

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  • Description

    FBN’s Gerri Willis breaks down the numbers in the government’s stimulus spending.

  • Duration 2:41
  • Date

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You know sometimes it's the numbers that tell -- story and tonight there is one number just one number.

The tells you everything you need to know about what's wrong with Washington's play book.

And that number seven point 66.

Trillion.

As in dollars.

As in taxpayer dollars now that's a total of all the stimulus dollars the federal government is used to set this nation's economy back on the right path.

Seven point 66 trillion a lot of money.

You know what it's 49% of our nation's GDP in other words we spent half of what the world's largest economy can produce in a single year to bail out.

A lot of people the list is long take a look at this and this is Democrats and Republicans okay it's bush and Obama.

Bear Stearns 29 billion dollar -- I don't even remember that right.

Well Bear Stearns didn't even survive it's not around anymore despite the bailout the -- the economic stimulus checks went right to your house member that -- do it saying.

The first bailout of homeowners under bush 300 billion.

Not act Fannie Mae Freddie Mac bail out with -- about that 400 billion money out the door the AIG bailout 42.

Emergency economic stabilization act of 2008 you know what is -- we've talked a lot about that.

700 billion dollars and boys that money just out the door and wasted and gone I don't makers fail act came into -- the first was 25.

And then we have the American recovery and reinvestment act of 2009787.

Billion dollars.

More money over the transom gone forever.

They don't wanna comes out of this homeowners bail out small business loans the list goes on -- not -- it another automaker bailout.

An illegitimate fed takes over in its QE1.

QE2.

Operation Twist -- -- the list goes on -- -- Almost well more than 400 billion dollars worth of money.

Out the door.

That we extend the payroll tax cut member that.

It goes on and on the list never ends and this is all tax Payer money.

And where we now.

Well no where as far as I can tell unemployment seven point 8% as we said.

Exactly where was when President Obama took office the economy contracting shrinking getting smaller and consumers and taxpayers say.

-- -- too happy consumer confidence numbers down it's no wonder.

All of this money out the door much of that will have to be paid back their economies and recovered stimulus spending was a bust.

Nextel -- Paul Krugman say we need more stimulus spending at -- -- -- where's my seven point seven trillion dollars.

He doesn't have -- answer.

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