scandal involving not just toyota but toyota, honda, mazda, suzuki, yamaha motor, whole number of companies there. so i imagine this will be the main topic of the meeting. there may be some questions about keeping costs under control, the effect of the weak yen, perhaps the decline in demand for electric vehicles, but really they are going to be tackling this problem head on. i just wanted to say on that point, how do you feel that controversy is likely to impact the company, short and long term? i think, short term, we can t deny the news of what has happened here, but i think it needs to be put into context. we don t actually have any cheating going on here. this is really somewhere between the bureaucratic way the japanese test cars, and actually being driven by one of the ministries, excuse the pun, and the way the press reported this. so what we re talking about here is actuallyjust the difference in a way between the way the domestic cars are tested, because in japan, d
you ll have a knockdown drag-out in the senate. this goes back to march of 2020. this is what your government has done now. not this one. guys, call for number three. spending totals, government spending that we have here. march of 2020 you had families first covid response act $192 billion reading left to ride. the cares act 2.2 trillion. april paycheck protection program, 483 billion. we went on to the appropriations act march, american rescue plan at 1.9 trialian less than a year ago. infrastructure at 1.2 and bbb at 1.85 as advertised. see if the senate comes close to that or even push it through. austan, can we sustain that? no, and we shouldn t have to sustain that. that was an absolute crisis, the biggest economic crisis and collapse in the history of the
china s stock market plunging today, its biggest drop in eight yearsration concerns here in the united states about the potential impact as we take a look at market. the dow right now down more than 100 points. joining us now from our sister network fox business network s gerry willis. an 8.5% crash in the shanghai index. it s the biggest drop since 2007. let me explain why this matters to us half a world away in the u.s. china is our second biggest trading partner. canada number one so the degree to which china s economy is doing poorly or suffering we look to their index to fall out and that could be a problem for us in our market. you should understand the chinese government has intervened trying to stop this freefall. only weeks ago china s stock market dropped as much as 40%. the government came in and spent $483 billion buying stocks.
s.n.a.p. $125 billion pell grants or low income college students. $250 billion school lunch, child nutrition, et cetera. but he adds, ryan, $483 billion in defense spending. now, all these cuts are actually worse than in prior years. the ryan budgets are actually getting worse, not better. there is a missing step in the ryan plan. he thinks that if you take benefits away from people, you take help away from people, that will kind of force them into the job market. but the step he is missing is that there aren t enough jobs. right. there are already millions more people looking for jobs than we have jobs. and as melissa said, you know, there are 100,000 fewer public jobs today than there were a year ago. and hundreds of thousands fewer than there were five years ago. meanwhile, the population is much bigger. you know, and the economy is still sluggish. and she really hit the nail on the head. that s problem. there just aren t enough jobs for people.
health care than you can imagine. the ryan budget not only adds $483 billion to the defense, but it cuts 791 from programs to help low income and working class families. so it is a budget that is challenged on a philosophical basis, a moral basis. the math doesn t add up. not only doesn t he repeal obamacare, he keeps all of the savings from obamacare to fund his defense spending. so you can t do both. if repeal it, you can t have the savings that it generates. and as the cbo has generated, the obamacare or the affordable care act craves savings for our government because it lowers the rising costs of health care. so this is a great day for our country on health care. for the congress, it s a little offkeynote from the house majority with this budget. this budget is not going to become the law of the land. we know that. paul rhinos it. it s a political document aimed at winning over more wealthy