Skip to comments.Pelosi: Unemployment Checks Fastest Way to Create Jobs (Imbecile Alert!)
Posted on 07/01/2010 2:10:01 PM PDT by MissesBush
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.
(Excerpt) Read more at foxnews.com ...
Studies show the longer unemployment benefits are extended the longer people are likely to remain unemployed since the majority of unemployment recipients wait until benefits are close to running out before getting serious about looking for a job.
Errr... No. Cutting the federal income tax rates will do that you BOTOX WITCH!!!
oh this is great news, now when we send nancy packing and she gets her unemploymnet check we will all feel better knowing that we are also helping the economy
Pelosi is an idiot.
Yes, since unemployment checks do so much to help the economy, why not just force business to lay off all their employees?? And Nancy will certainly want to do her part by giving up her House seat for which we’d gladly extend her unemployment benefits as well.
The word stupid is too good to describe Pelosi.
Especially in this economy where people may not have an easy time finding a job in thier chosen field or a job at the level they hoped for. With unemployment they will probably not take what they CAN get. Without unemployment almost everyone that is not independently wealthy will take what they can get.
I’m still waiting for the 400,000 Obamacare jobs she promised.
By this loony logic we can make the economy really hum by just doubling or tripling the unemployment benefits. We'll create millions of new jobs by paying billions to people who aren't working. Brilliant!
In normal times, I would be inclined to agree. But, thanks to Obama and his fellow Socialists, these times are anything but normal. The fact is in many parts of the Country, there are no jobs and those who are receiving benefits are basically just barely surviving on what they receive.
I don't think for a moment that Democrats are wanting to fund unemployment extensions for the good of those their policies have hurt. Instead, it's vote related and they're scared to death how much worse the economy would be without this stimulus.
Maybe it's just me, but almost all the people I know who are unemployed are Republicans, and while I'm certain they're thankful for the benefits, none that I know are planning to vote Democrat.
Since she says it with a straight face, one must assume she means government jobs processing those checks were created.
Aaaah, now it’s clear.
I think the Crats added a lot of Pork to the bill.
Coming soon to a street corner near you:
Homeless vet, now hiring.