CNN’s Erin Burnett Makes Misleading Claims About Federal Reserve

Posted by The Huffington Post News Editors on Aug 31, 2012 in Uncategorized | 0 comments

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."

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