the debt. the legislation according to economists saved or created 3.6 million jobs. we have turned this economy around. we see entities that are fundamental sound financially a withstand the disaster scenarios. glenn: you can believe that. i hope they re right. they re not, but i hope they re right. you know the truth. on jobs, really? unemployment rate unchanged. 9.6%. they told us it wouldn t go over 8%. food prices are rising. go shopping. inflationary tide is rippling through the supermarket and restaurants. they are still telling you they worry about deflation. don t worry about inflation. check the price of gas. we re not going to monotize the debt. that was under oath. really? the fed said they would print more money to buy as much treasury debt in the next eight months as the government will issue. fannie and freddie, barney frank, they have twice as many foreclosed homes as they
the debt. the legislation according to economists saved or created 3.6 million jobs. we have turned this economy around. we see entities that are fundamental sound financially a withstand the disaster scenarios. glenn: you can believe that. i hope they re right. they re not, but i hope they re right. you know the truth. on jobs, really? unemployment rate unchanged. 9.6%. they told us it wouldn t go over 8%. food prices are rising. go shopping. inflationary tide is rippling through the supermarket and restaurants. they are still telling you they worry about deflation. don t worry about inflation. check the price of gas. we re not going to monotize the debt. that was under oath. really? the fed said they would print more money to buy as much treasury debt in the next eight months as the government will issue. fannie and freddie, barney frank, they have twice as
again. you have want to see spending like this? $250 million because of healthcare workers because of healthcare? chump change. it. $14 million. treasury debt. $5.7 billion for pel grants. i saw on the list, $50 billion or was it $48 billion to settle government lawsuits. are you happy with that, stephane? $50 billion number was for infrastructure. put a zero on that thing. this country needs more airports, more bridges. we d like to see more high-speed rail and dedicated bicycle lanes so rich can get back and forth to work. soon, like in the next decade. quentin hardy, what say you? spending isn t good or bad. it s what you put it toward. we have didn t spend money on bridges to nowhere and boondoggle. we saved the financial system which was broken in 2008. it s a reality. we re not paying for it
on china s part? there is real fears that if u.s. pushes too hard china can pull out. the chinese have been buying less treasury debt. they have to buy treasury debt because the economy is geared to selling things to us and china s economy become more dependent on the u.s. in 2009 over 2008. the chinese is tied to us. they re frustrated. yes, they would like to be shot of the treasury bills but they can t. they need to buy more. i m not saying that we should be going in to debt further, but nonetheless, chinese are very much tied to on the u. u.s. really quickcally. what impact does it have over the iran nuclear provision? we ll try to prevent chinese from back-filling, coming in and taking over when the american and european companies leave. i don t think the chinese will listen to us unfortunately. gordon, thank you for your insight. we appreciate it. thank you. former british prime minister tony blair receiving angry reception at his first
symbol and signal by the rest of the money people. but look, many, many people in america, we ordinary citizens, we are financing america s debt. don t think that the chinese are lending us money. they re not. they stopped months ago. it s americans and some of the foreigners, they re beginning to is that good? this is a very good thing. there s a flight of hot money. there s a flight of money looking for safety that s still coming to america. that s why we ve still got low interest rates on our treasury debt. remarkable story. a moment ago, you said us ordinary americans. there s nothing ordinary about you. you are extraordinary. and that is why you are varney & company that starts every day at 9:20 eastern time. he s good, isn t he? he really is. boy, he s good. and we ll be watching! i know you will. thank you, stu. he s so good he s going to kick off headlines. thank you, stuart. anything for you, gretchen. meanwhile, straight ahead, stuart can t leave whi