In his latest “My Take,” “Varney & Co.” host Stuart Varney breaks down President Biden’s “wall of money” flooding the economy, arguing the U.S. has “never seen anything like this” as the lasting effects could lead to more inflation.
STUART VARNEY: We have never seen anything like this before.
That is not an exaggeration. I’m talking about the ‘wall of money’ that’s been flooding into the economy and the markets.
I figured it was an enormous amount of money, but for accuracy, we asked our research department, (we call them the brain room) to detail it all.
Look at this:
$192 billion, Families First Act.
$483 billion, paycheck protection
$2.2 trillion, CARES Act
$900 billion Consolidated Appropriations Act.
Ok, hold on… That’s money already…