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Ron Johnson: “We've also tried $4 trillion of Keynesian economic stimulus…”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

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Senator Johnson on CNBC's Kudlow Report

Published | Video Starts at 02:40

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.


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