archive2009-14.pdxradio.com » Politics and other things

Pelosi Economics: Extending Unemployment Benefits Creates Jobs

(121 posts)
  • Started 7 years ago by fairandbalanced
  • Latest reply from NoParty

  1. fairandbalanced
    Blocked

    Nancy Pelosi:

    ""The unemployment insurance extension is not only good for individuals. It has a macroeconomic impact. As macroeconomic advisers have stated, it would make a difference of 600,000 jobs to our economy," House Minority Leader Nancy Pelosi (D-CA) said at a briefing on Capitol Hill."

    This is genius. Who would have thought that by paying people to not work that it creates jobs. Lets' pay more people to not work and create even more.

    Posted on December 16, 2011 - 02:42 PM #
  2. Listener_Pete
    Member

    There is no surprise here f&b, unemployment money is used to buy goods and services. DEMAND creates jobs.

    Posted on December 16, 2011 - 02:51 PM #
  3. Amus
    Member

    http://mediamatters.org/research/201007020030

    Posted on December 16, 2011 - 03:09 PM #
  4. edselehr
    Member

    Who would have thought that pouring water into a pump will help make water come out? It's called "priming the pump", which is what the economy needs, and is what unemployment insurance payments provide. Demand must be increased - ask ANY businessman what will prompt him to hire and that will be his answer.

    Neocons want to prime the pump as well, but they think throwing money at the rich is the way to do it. The last 3 years of economic history has proven them wrong. Supply side economics is an authoritarian economic pipe dream.

    Posted on December 16, 2011 - 03:47 PM #
  5. Andrew
    Member

    F&B doesn't care what economists say: how can creating demand in the economy create jobs?

    It's unfortunate that you misunderstand or misinterpret what Pelosi and Reid have said recently - but they are right and you are wrong.

    Posted on December 16, 2011 - 03:48 PM #
  6. Deane Johnson
    Member

    Polosi said it would create 600,000 jobs. What's to misunderstand?

    Posted on December 16, 2011 - 03:51 PM #
  7. LurkingGrendel
    Member

    Unemployment benefits are pure economic stimulus. I.e. the money is always spent.

    There’s consensus on this basic truism from every authority on the matter.

    Prior to the GOP becoming a collection of willfully ignorant, gleefully nihilistic loons such basic economic data was not considered to be of a particularly incendiary political nature.

    I know Rush claims otherwise, and that his claims support his carefully laid though no less absurd narrative, but do try to poke your head out of the bubble from time to time.

    Posted on December 16, 2011 - 03:52 PM #
  8. Andrew
    Member

    Deane: Polosi said it would create 600,000 jobs. What's to misunderstand?

    And you thought she meant - what, 600,000 jobs created in a weekend, Deane?

    Posted on December 16, 2011 - 03:55 PM #
  9. Andrew
    Member

    And let's please stop pretending that unemployment benefits are "paying people not to work." These benefits do not equal the recipient's former income - it's just something to help them get by so they don't starve or have to get evicted while they look for another job.

    Posted on December 16, 2011 - 03:57 PM #
  10. missing_kskd
    Member

    You know we could hire a bunch of people to just fact check.

    Probably would take 600K people to beat back the ignorance out there.

    Posted on December 16, 2011 - 03:57 PM #