Hasta La Gadget!

Aug 31

CNN’s Erin Burnett Makes Misleading Claims About Federal Reserve

CNN anchor Erin Burnett claimed Friday that the Federal Reserve is spending money wastefully, but that’s not exactly true.

“$1 million per job. That’s what America’s top money man says we’ve spent on stimulus from the Fed alone,” Burnett said on her CNN show “OutFront” on Friday.

“That is not a cheap cost per job,” Burnett said. “For those who are keeping track, we are not counting the president’s extra $2 trillion or so in stimulus in that money. Just the Fed’s money divided by the number of jobs.”