Alexis Glick

In a news report that sounded like an Obama campaign commercial, CBS Early Show correspondent Kelly Wallace declared: "Facing the most serious economic crisis since the Great Depression, the Obama Administration is asking for the biggest stimulus plan in history. An estimated $775 billion to prop up a very sick economy." In the report, Wallace cited Nariman Behravesh, chief economist for Global Insight, who exclaimed: "We really need something big, bold, and swift to kick start the U.S. economy. And I think the Obama plan looks like it meets almost all those criteria."

Wallace ran through some of the key talking points of the plan: "Roughly $300 billion of that relief money will go directly to tax cuts for 95% of American workers...For businesses, a proposed $100 billion in tax incentives and refunds to jump start job creation...Of the 3.2 million jobs that the Obama Administration says will be saved or created, a million will come from a $25 billion investment in infrastructure...while making a long-term investment in renewable energy and other green initiatives." Wallace concluded her report: "Obama is confident he can get his stimulus plan passed within two weeks of taking office. Some economists believe the sooner, the better."

Fox Business Network anchor Alexis Glick is frustrated by the way the government's $700 billion financial bailout is being used, and suggested on "Money for Breakfast" Nov. 21 that it was contributing to market declines.

"I mean, look, we are now at levels at least on the S&P that we haven't been since 1997. You know, people are pretty unhappy with how the TARP fund is going," Glick said in an interview with NYSE Euronex CEO Duncan Niederauer. "I mean, it's got to be - I'm frustrated, I mean I don't know about you."

It's not the first time that Glick has taken issue with the misuse of TARP, the Troubled Asset Relief Program (TARP).

So what exactly is the government doing with your money? Fox Business Network's Alexis Glick would like to know.

Treasury Secretary Henry Paulson announced Nov. 12 he would be redirecting the $700 billion bailout to focus on propping up financial institutions instead of buying troubled mortgage assets, which was the original intent of the rescue plan.

Glick, the host of FBN's "Money for Breakfast," told the CBS's "The Early Show" Nov 13 that the Treasury Department's move away from the original plan to buy up troubled mortgages "does not make sense" and was "actually pretty outrageous":

[T]he markets responded to that yesterday ... Look, the original intent of this Troubled Asset Relief Program was to purchase troubled assets. And I think the marketplace started to adjust several weeks ago when we started to see the size and magnitude of the capital injections.

The Securities and Exchange Commission ended the 16-day ban on short selling Oct. 9, which has left many journalists asking if the ban actually worked to keep more banks from failing.

The staff at the Business & Media Institute's video blog, "The Biz Flog," could have told you the ban wasn't a good idea when they put together "Who's Afraid of a Big Bad Short Seller?" But, it's nice to see some members of the media questioning if the ban worked:

"While the ban was in place, other market forces pushed key indices into a rapid decline. We are going to see if that ban actually slowed the freefall or perhaps made it worse," Fox Business Network host Alexis Glick said on "Money for Breakfast," Oct. 9.

Glick went on to point out that the ban also affected companies that weren't banks: