Huh?  Scratching my head over this one.

Unemployment benefits, Speaker Pelosi said, "It creates jobs faster than almost any other initiative you can name."

I’m not going to pretend that what Speaker Pelosi says typically makes sense. This, however, has to be one of the more asinine statements I’ve heard her say.

Madame Speaker, how exactly can an unemployment check create even one job, let alone be the fastest way to create jobs?  I understand it being  a safety net, but can’t it also be an impediment for entrepreneurship?

I would think that lowering corporate taxes would create more jobs than any form of welfare, don’t you?

HT: Breitbart.TV

12 comments
  1. If you don’t understand her point, you don’t understand basic economics. It’s the “multiplier effect.” Money does not stop moving when it goes from a person to the grocery store. The grocery store pays its employees’ wages, suppliers, truckers, with that unemployment benefit money. Those people then spend that money on other items, creating demand for more products (which creates jobs), or put the money in the bank so the bank can loan it out to new businesses and create jobs.

    1. Wow, you’ve drunk the kool-aid. It is no more a multiplier effect than if the person had a real job (which would be better).

      It’s asinine comment, but nice attempt at spin.

    2. hmmmm….ok based on that logic then why don’t we just put everyone on unemployment, which would create more jobs allowing for more unemployment….um wait…… you said that paying UE benefits creats job growth? wow you must have gotten your economics degree in Stalingrad….

  2. Those who argue that the “multiplier effect” is in play are right, . . . in the same way that they would be right if they said that every American can stimulate the economy by charging a thousand more dollars on their credit card. Sure, the economy will always do better with more money being spent, but you are killing yourself financially if you spend money you don’t have. We are in almost unprecedented debt. We simply cannot keep charging on our national “credit cards” to stimulate the economy. It is actually very bad economics. Our debt has not been this bad since WWII, but then our “stimulus” money went into building manufacturing (by buying tanks, guns, fatigues, ammo) from private companies. These private companies, after the war, were in a perfect position to lead the world in manufacturing other products – and they did. Now our stimulus funds are being spent on roads and bridges, with no major lasting economic benefit after the are built.

  3. I had no idea that Botox would affect your brain and logic in this manner. She is one of the dumbest people in the government next to Barney Franks and Obama.

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