Let's, let's face it, we already tried the payroll tax reduction to the tune of $120 billion in additional defic spending. It didn't work. Take a look at growth rates. And We've also tried $4 trillion of Keynesian economic stimulus. It also didn't work. We're down 2 million jobs even though they were telling us it would create 3 to 9 million jobs. So the bottom line is this Keynesian economic plan hasn't worked. (02:40–02:47)
CLAIM
Asserts that $4 trillion in Keynesian economic stimulus failed to boost the economy.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.