Posted on 07/10/2010 1:33:43 PM PDT by John Semmens
According to House Speaker Nancy Pelosi (D-Calif), persisting high rates of unemployment aren’t the bad news a lot of doomsayers contend. That is, as long as the unemployment checks keep coming. As Pelosi sees it, the spending of these checks by the unemployed is an underappreciated stimulus to the economy.
“A working person is bogged down by having to spend up to 40 hours or more per week to get paid,” Pelosi pointed out. “Freed of this encumbrance, the recipient of unemployment benefits has many more hours to aggressively spend the money he or she receives. This robust demand is what will quickly pull the economy out of the recession.”
Further, unemployment checks are even better than paychecks because “the purchasing power of paychecks is reduced by withholding taxes while unemployment checks are largely tax-free. And while a person is apt to save part of a paycheck, the recipient of unemployment, knowing that the government is looking after him, can go ahead and spend it all.”
“In an ideal world all compensation would be distributed by the government,” Pelosi envisioned. “No one would be forced to grub for money. People who wanted to work could go to work. People who didn’t wouldn’t have to. No one would have to worry that they would starve just because they don’t want to have to punch a time clock. Working toward this ideal has been my mission since I entered public service. I believe we are closer to achieving it than we ever have been.”
What an idiotic claim. Considering the source, however, it is to be expected, She reminds one of Saddam Hussein’s spokesman.
Last I heard, most unemployment checks go to banks (mortgages), utilities (energy companies), and food - oops - an industry Obama hasn’t tried to take over yet.
Nancy Pelosi is dumber than dirt.
“In an ideal world all compensation would be distributed by the government,” Pelosi envisioned. “No one would be forced to grub for money. People who wanted to work could go to work. People who didn’t wouldn’t have to. No one would have to worry that they would starve just because they don’t want to have to punch a time clock. Working toward this ideal has been my mission since I entered public service. I believe we are closer to achieving it than we ever have been.”
I just can’t believe this - this woman is sincerely and completely nuts - and how come we havent heard about this insane suggestion! If you don’t want to go to work???????
Arghhhhhh
And she is the house leader!!!!!
Funny as a wheelchair...
This is the kind of stupid that is the left
Someone should start a NotParody Blog
Its a gaffe worthy of Joe Biden
Good one!
Sorry, blood pressure returning to normal - didn’t see the sarc tag.
Welfare payments are good for the economy. Give up your job today!!!!!!/s
LOL. I will be receiving this in my e-mail by tomorrow, complete with total outrage and calls for impeachment. Then some smart... will send around the message that Snopes says”This is false”.
I do have to say though, John, that this is one of the best satire pieces yet. Because it is so close to being exactly something she would say.
She is truly a brainless wonder. Pelosi has to be from a foreign planet, perhaps called the planet ‘stupid’.
You missed the point. The point is you’re robbing Peter to pay Paul. That does not grow the economy. Also by extending benefits out to almost 2 years those that go on unemployment tend to wait till the benefits are almost run out before they start looking in earnest. I know people like that. The comment was she was stupid to say it grows the economy. It does not!!! It just rearranges it. The money the recipient spends makes up for the money the person paying the tax can’t spend.
You nailed it! LOL
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