It's so simple. Unemployment creates jobs!

[jimpeel]

Nancy Pelosi, that crazy harridan from hell, believes that the best way to create jobs is to have more people unemployed.

SOURCE

Pelosi: Unemployment Checks Fastest Way to Create Jobs

Published July 01, 2010 | FoxNews.com

Unemployment benefits are creating jobs faster than practically any other program, House Speaker Nancy Pelosi said Thursday.

Talking to reporters, the House speaker was defending a jobless benefits extension against those who say it gives recipients little incentive to work. By her reasoning, those checks are helping give somebody a job.

"It injects demand into the economy," Pelosi said, arguing that when families have money to spend it keeps the economy churning. "It creates jobs faster than almost any other initiative you can name."

Pelosi said the aid has the "double benefit" of helping those who lost their jobs and acting as a "job creator" on the side.

"It's impossible to think of a situation where we would have a country that would say we're not going to have unemployment benefits," Pelosi said.

Democrats have been trying for more than a month to pass a bill extending jobless benefits to more than 1 million people. Currently, jobless benefits last nearly two years -- up to 26 weeks paid by state treasuries with federal help for up to an additional 73 weeks.

Of course, those workers could be sending a lot more money into the economy if they had jobs since unemployment benefits generally do not cover the entire cost of lost wages.

The counterintuitive statement drew jeers from Republicans, who claim Democrats can't figure out any way to tackle the economic slump that doesn't involve spending massive amounts of taxpayer money.

"No plan to create jobs -- just more stimulus spending," House Republican Leader John Boehner said at a dueling press conference.

Despite the wave of unemployment aid and stimulus spending dating back to the end of the Bush administration, the jobless rate is still hovering close to 10 percent. New figures out Thursday showed new jobless benefits claims rising for the second time in three weeks.

Rep. Dave Camp, R-Mich., on Thursday called the newest extension plan "fiscal insanity" because it is not paid for and will only create future problems.

"I support, and Republicans have supported, extending unemployment benefits, but we must not do so at a cost to the deficit, to the economy and to future generations. Our inability to get our fiscal house in order isn't just damaging future generations; it is wreaking havoc on jobs today," he said in a statement.

Pelosi criticized Republicans Thursday, saying she's still optimistic the bill will pass though it failed again in the Senate Wednesday night.

 

[spike]

Makes sense, unemployed people that able to pay their bills help keep the economy going.

Seems the republicans would let them starve and bring everything to a grinding halt.

 

[catocom]

Makes sense, unemployed people that able to pay their bills help keep the economy going.

Seems the republicans would let them starve and bring everything to a grinding halt.

no, it doesn't make That much sense. It might make some businesses more money,
but not necessarily create new jobs.
(granted there is a residual, but it's nothing to boast about)

I was born in Ill, and all the rest of my family down south....why?
Because my dad went there for work because there was none to be found
around here at the time. (60's)
People used go where the work was, before they'd accept welfare, and or unemployment.
It was a shame to except it. Food stamps too.

 

[2minkey]

i can't believe pelosi was dumb enough to make that argument in the press.

oh, wait, i can.

i like how they put a boehner quote in there. he's four times dumber than my cat. that really helps balance things out.

 

[Winky]

It's so simple.

.

-My recommendation, assassinate the jigga-boo and be done with it.

 

[jimpeel]

Makes sense, unemployed people that able to pay their bills help keep the economy going.

Seems the republicans would let them starve and bring everything to a grinding halt.

The minimum wage costs jobs and UI inceases dependency and stifles incentive.

If an owner has, let's say, $20/hr to budget for wages, and the MW is $4, he can hire 5 people to work at his business.

If the MW is raised to $5, he still has the same budget but can only afford to retain 4 people at work at his business. One person must be laid off.

That person then goes on UI and sits at home making nearly what he did busting his ass at a real job. He goes out and puts in his obligatory three applications a week and the rest of the time is his to do with as he wishes.

 

[spike]

That person then goes on UI and sits at home making nearly what he did busting his ass at a real job. He goes out and puts in his obligatory three applications a week and the rest of the time is his to do with as he wishes.

Anyone making a decent salary is going to make far more working than on unemployment.

It's choice between people who are unable to find work still being able to pay their bills or maybe losing their house, going hungry or homeless, or just going into debt or bankruptcy.