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$24 Billion for Tax Cheats?

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    Columnist Michelle Malkin reacts to new GAO report on stimulus funds

  • Duration 6:19
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-- data reveals just what a shocking failure the anointed one so called stimulus bill really is on this chart based on the government's own data shows.

The percent change in the number of jobs 22 months after the end of every recession now since World War II.

And as you can see the anointed ones fiscal policies have produced by far the worst recovery in the past six decades.

-- America has 5% fewer jobs now than it did at the official end of the recession back in 2009.

Quite an accomplishment Mr.

President and a shocking new report from the Government Accountability Office.

May help explain these numbers now believe it or not over 3700 businesses that receive stimulus money our tax -- -- -- Tim Geithner you're not alone.

And joining me -- analysis the author of the number one New York Times best seller culture of corruption Michelle Malkin.

Well that pretty much sums it up you know.

You don't numbers like that -- it is a pretty tricky thing I we we don't get that you know fuzzy math that are creative accounting that we used to getting Michelle.

Yes that's right.

Well I always remember what Nancy Pelosi said during the obamacare debate about how she need -- numbers because numbers we're so precise.

-- the unemployment number is pretty precise.

And another precise number of course is the number that economic advisors for the Obama administration.

Christina Romer and Jared Bernstein gave when they predicted that the stimulus package was going to help hold down the unemployment rate below 8%.

Hasn't happened and it's because of spending outrages like this cash for tax cheats program.

That the recovery has -- been more like a rack.

Cover reading and the GAO just came out with this recent report and I think it really bears digging in to.

And this is the kind of thing that needs to be thrown right back into though the White House is faced.

Because look at that's not only do we have a nearly 24 billion dollars in taxpayer funds being redistributed.

To federal contractors and grant tees that were delinquent.

To the tune -- 750.

Million dollars in unpaid corporate payroll and other taxes.

But we also have an -- -- that's falling down on its job.

And stimulus oversight watch -- themselves that were appointed by the Obama administration falling down on their jobs as well all right look.

Let me go because the Democrats trying to spend something here because there was a special election -- -- and this congressman taking beautiful pictures -- himself in the mirror.

And certainly they -- assists sorry only way to describe it.

But anyway as so what they had the special election.

The left is trying to spin this that none I don't know.

By scaring old people about the -- plan for example put up on the screen this is the and Paul Ryan pushing granny over the cliff.

Just to let people know this is the -- that they ran.

As we get started -- -- America beautiful without without.

Medicare and here's the problem.

Obviously Democrats it all we found our tactic for 2012 would scare old people the Ryan plan does not impact people over 55 number one.

Number two it's going bankrupt so nobody's gonna have a so -- saving it for future generations the question I have for you is.

How to Republicans.

Counter that.

But -- I think would see a hundred times worse ads than that in the future.

They certainly yard you've been predicting it for a while the whole.

Elderly demagoguery -- -- scare.

-- robbery that we're seeing now in full force and and it's only gonna get worse as you say -- At the of the way to counter it is the -- way that Paul Ryan has been sober.

Comma.

Logical and grown up.

Last week I get a column that I called adult baby syndrome and I talked about that this phenomenon now of Americans who do not want to grow up.

And who want to remain on cradle to grave entitlements for their entire lives.

And when you tell them that something is going to be quote unquote.

Taken away they throw tantrums and this is the exact Democrat tactic that we're seeing now the lies about the Republicans wanting to take away something when the facts are as Paul Ryan has said is that you have said as a -- -- -- to to make clearance say repeatedly.

Nobody is taking anything away and if fact it's quite the opposite.

What responsible adults in Washington like Paul Ryan and other entitlement reformers are trying to do.

Is -- this this near bankrupt system for future generations and it's just shameful what we're seeing not only out of Nancy Pelosi.

But Harry Reid today tweeting that.

Said that Republicans are for the -- -- -- -- -- -- it's Democrats it's for the end of that because as president Obama always says.

The status quo is -- questions bankable.

I watch.

BB really just in them pretty masterful way really just show up the president even in the Oval Office and he won the debate.

Is this something to be learned from how he handled the president.

In his trip to America when the president trying to sandbag him the day before his arrival -- something to be learned here and how Republicans should.

Handled Barack Obama.

Oh yes I think that.

Prime minister Netanyahu who has taught amazing lessons not only -- oratory but also in principle.

Don't blink don't capitulate.

And also people understand that moral clarity comes not from something being fed.

By committee through a teleprompter.

But from clarity of thought and from a moral principled position.

And that's what Republicans can learn from going forward not only -- and foreign policy debates is as Netanyahu who has shown.

But in our domestic policy debates as well for sure -- -- always good to see you thanks for being with us.

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