> david: this week, china took out japan to become the second biggest economy in the world and now it's gaining "> > david: this week, china took out japan to become the second biggest economy in the world and now it's gaining " property="og:description"> > david: this week, china took out japan to become the second biggest economy in the world and now it's gaining ">

Detailed text transcripts for TV channel - FOXNEWS - 2010082

Detailed text transcripts for TV channel - FOXNEWS - 20100821:15:13:00

now back to "forbes on fox." [ chanting ] >> david: this week, china took out japan to become the second biggest economy in the world and now it's gaining on the u.s. guess what is helping them to do it? america's stimulus money. at least in part. some economists are saying stimulus money is passed to china and other foreign firms. this is more proof that the stimulus is not working? >> it is proof that the stimulus is not working. we're overspending, overtaxing, overregulating, which is why the economy is lagging. we're setting a bad example for the rest of the world they're turning away from. spending does not work. when will we learn what europeans learned ten years ago? >> david: emac? >> i have to agree with steve. this stimulus package was so structured incorrectly from the start. only $230 billion going toward infrastructure updating of the highways and bridges and roads, and only $66 billion spent there. chi china, as mike is going to say, and i don't mean to

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