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Obama: Unemployment Benefits "Biggest Boost" To The Economy
RealClearPolitics ^ | December 14, 2010 | RealClearPolitics

Posted on 12/14/2010 10:39:14 AM PST by i88schwartz

"This tax package does a couple of things immediately for economic growth in Florida. Number one, for those folks looking for work right now, it extends their unemployment benefits. Two million people across the country would lose their unemployment benefits at the end of this month if we did not move forward on this tax agreement. And economists say that not only is that good for those families, it's good for the entire economy. It's probably the biggest boost that we can give an economy because those folks are most likely to spend the money with businesses, and that gives them customers," President Obama told Tampa Bay's Channel 8.

(Excerpt) Read more at realclearpolitics.com ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: barackobama
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1 posted on 12/14/2010 10:39:21 AM PST by i88schwartz
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To: i88schwartz

He continues to validate my tagline.


2 posted on 12/14/2010 10:41:42 AM PST by Spok (Clueless, classless, clown...and our president.)
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To: i88schwartz

Since unemployment benefits are so good for the economy, I suggest that we all get fired from our jobs (if we have one) get unemployment benefits and stimulate the economy.

We could become an even richer country than we are now!


3 posted on 12/14/2010 10:42:01 AM PST by PhilosopherStone1000
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To: i88schwartz

I must be stupid, so help me figure this out!
Is he so stupid he really believes this, or does he think we are so stupid we will believe it?


4 posted on 12/14/2010 10:42:24 AM PST by WestwardHo (Whom the gods would destroy, they first drive mad.)
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To: i88schwartz

Good, let’s make everyone unemployed! The economy will grow like crazy!


5 posted on 12/14/2010 10:42:44 AM PST by Hillary'sMoralVoid
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To: i88schwartz

How do you even reason with someone this completely clueless?


6 posted on 12/14/2010 10:42:49 AM PST by reagan_fanatic (Save the whales. Collect the whole set.)
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To: PhilosopherStone1000

It’s like trying to screw your way out of having aids


7 posted on 12/14/2010 10:42:56 AM PST by al baby (Hi Mom REMEMBER FREE REPUBLIC IN YOUR WILL. I DID)
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To: i88schwartz
They say this crap all the time and it makes no sense at all.

Scenario A) Unemployed person gets a check, goes to the store and buys food, a magazine and some socks. Does this "grow" the economy? Not a chance. It sustains some existing businesses, at best.

Scenario B) Millionaires keep the money they have worked for. They invest in their own business or in the businesses of others. Factories are built, distribution channels are expanded, exports increase, workforces expand. Does this "grow" the economy? You bet.

The idea that unemployment checks stimulate the economy is something that stupid people say.

8 posted on 12/14/2010 10:43:55 AM PST by ClearCase_guy
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To: WestwardHo
Is he so stupid he really believes this, or does he think we are so stupid we will believe it?

I think so, yes.

9 posted on 12/14/2010 10:44:30 AM PST by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: Spok

Maybe he can get Bernanke to load up those helicopters and do some drops.

Frankly, I think they should just raise the minimum wage to $100 an hour and charge 90% tax. Then we can give the unemployed $10 an hour but not tax them. And then the government would take care of our every need with all that tax money and we’d have enough to keep us in Big Macs and WIIs.

I’m sure it would finally usher in a utopia.


10 posted on 12/14/2010 10:44:33 AM PST by RobRoy (The US Today: Revelation 18:4)
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To: i88schwartz
Dude is channeling Pelosi.

Watch him to start chanting that we will have to pass the tax bill, so we can see what's in it.

11 posted on 12/14/2010 10:44:58 AM PST by Lazamataz (Lowering Kristinn's IQ since May 21, 1999)
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To: i88schwartz

Boost ? More like Life Support.


12 posted on 12/14/2010 10:46:29 AM PST by MetaThought
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To: i88schwartz

Exactly what are people buying with UE to stimulate the economy? I don’t see that it pays more than rent/mortgage and food (if that). He’s as much of an idiot as pelosi.


13 posted on 12/14/2010 10:47:31 AM PST by jersey117
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To: Izzy Dunne

Good! Let’s shoot Stupid!


14 posted on 12/14/2010 10:47:48 AM PST by WestwardHo (Whom the gods would destroy, they first drive mad.)
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To: i88schwartz

15 posted on 12/14/2010 10:49:20 AM PST by ButThreeLeftsDo (FreeRepublic......Monthly Donors Welcome.)
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To: ClearCase_guy

Well stated, my friend!


16 posted on 12/14/2010 10:53:25 AM PST by jennings2004 (Sarah Palin: "The bright light at the end of a very dark tunnel!")
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To: i88schwartz

How could it be a “BOOST” to the economy when it only applies to extensions? It would, at best, be the status quo much like the so called “tax cuts.”


17 posted on 12/14/2010 10:54:19 AM PST by R_Kangel (`.`)
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To: i88schwartz; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; Gilbo_3; NFHale; Impy; ...
RE :”And economists say that not only is that good for those families, it's good for the entire economy. It's probably the biggest boost that we can give an economy because those folks are most likely to spend the money with businesses, and that gives them customers,” President Obama told Tampa Bay's Channel 8.

Yep, unemployment compensation and payroll (FICA) tax cuts to many who pay no income taxes, all for putting borrowed ‘money in peoples(voters) pockets’ to spend has worked so well before in creating jobs.

Remember this Fred Thompson classic video from late 2008 with his Peter Schiff moment?

Fred Thompson on the Economy ('Fixing a economic slump caused by borrowing, spending and consuming by increasing borrowing, spending and consuming has to work, right!')

18 posted on 12/14/2010 10:57:30 AM PST by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
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To: i88schwartz

Whew. 2 more years of this guy. Stocking up supplies on my sailboat. I doubt the country will make it.


19 posted on 12/14/2010 10:59:23 AM PST by screaminsunshine (Americanism vs Communism)
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To: i88schwartz
Unemployment Benefits "Biggest Boost" To The Economyto single moms with 8 kids and their crack habit
20 posted on 12/14/2010 11:00:24 AM PST by mainestategop (Don’t Let Freedom Slip Away After America , There is No Place to Go)
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To: RobRoy
The nation's economy and wealth is the product of the individual efforts of its citizens to create wealth. Generally, the more productive we are, the stronger the economy will be and the more aggregate wealth we will create.

Therefore, governmental disincentives to work or to employ others to work, and governmental incentives to forgo work, will result in less wealth and a weaker economy. Unemployment insurance benefits are a disincentive to work. Some people who receive them and other government benefits will rely on those benefits and not look for work or decline to take jobs that they don't like or that they feel are not adequately remunerative. To the extent that employers are therefore compelled to increase the wages for those jobs, the effect of unemployment benefits is inflationary. To the extent that those jobs are not filled, the economy as a whole is weaker, in that it produces fewer goods and services, and we are all less wealthy.

21 posted on 12/14/2010 11:01:18 AM PST by p. henry
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To: i88schwartz

God help us. We’re ruled by idiots with advanced degrees.


22 posted on 12/14/2010 11:02:56 AM PST by redpoll
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To: al baby

“It’s like trying to screw your way out of having aids.”

There are some South African men (less than animals) that believe this can be done.

CAUTION!! Disgusting article.
http://www.wnd.com/?pageId=12139


23 posted on 12/14/2010 11:05:39 AM PST by panaxanax (IMPEACH THE MUSLIM MARXIST....NOW!!!)
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To: i88schwartz

Quite a coup claiming that the biggest boost to the economy that he can produce is added time on the unemployment checks for out-of-work Amercians, regardless of whether someone on UI for 2 or three years doesn’t have a deeper problem....utterly telling if you ask me. There is no recovery, there is no easing of difficulty - only the need for more largesse to UI recipients, claiming it’s a boost for our economy.....it’s like this money came from out of the blue and wasn’t taken from the rest of us working stiffs.


24 posted on 12/14/2010 11:08:59 AM PST by Gaffer
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To: panaxanax

Good God that is sick


25 posted on 12/14/2010 11:08:59 AM PST by al baby (Hi Mom REMEMBER FREE REPUBLIC IN YOUR WILL. I DID)
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To: i88schwartz
Government unemployment benefits contribute to a shiftless, lazy society of entitlement. This function would be better handled by the private sector in the form of an optional insurance program.

As I've stated in several other threads, I also think that along with ditching a government-run unemployment benefit program, the minimum wage is ought to be abolished. It's a real business killer.

26 posted on 12/14/2010 11:09:33 AM PST by re_nortex (DP...that's what I like about Texas...)
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To: sickoflibs

That video of Fred Thompson is brilliant!


27 posted on 12/14/2010 11:12:11 AM PST by Sister_T ("Calling ILLEGAL aliens "immigrants" is like calling shoplifters 'customers'!"-UCFRoadWarrior ><>)
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To: i88schwartz

Yeah. And sticking your head in a garbage disposal and turning it on will get rid of your cold. Can these people really be that stupid?


28 posted on 12/14/2010 11:13:23 AM PST by mtg
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To: i88schwartz

Jobs are even better.....you idiot


29 posted on 12/14/2010 11:15:22 AM PST by Sacajaweau
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To: i88schwartz
So following that line of logic, if we double unemployment benefits, that should stop the problems in the economy completely.

If I'd have known going to Harvard was that easy, I'd have done it a long time ago.

30 posted on 12/14/2010 11:15:46 AM PST by blackdog
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To: i88schwartz

Don’t forget Leprechauns either, they have a big pot ‘o’ gold to spend.


31 posted on 12/14/2010 11:15:55 AM PST by Brett66 (Where government advances, and it advances relentlessly , freedom is imperiled -Janice Rogers Brown)
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To: ClearCase_guy
The idea that unemployment checks stimulate the economy is something that stupid people say.

Total agreement ... the idiocy of our esteemed leaders in frightening.

Worse: Our enemies look at our situation like we're incredibly dangerous morons.

32 posted on 12/14/2010 11:17:42 AM PST by Centurion2000 (Any economy based on Keynesian principles and practices are always ponzi/pyramid schemes.)
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To: i88schwartz

bump.


33 posted on 12/14/2010 11:20:57 AM PST by library user (Just because you're homeless doesn't mean you're lazy.)
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To: i88schwartz

OK. So, let’s all quit and watch the economy soar!

Wow. This man is crackers.


34 posted on 12/14/2010 11:23:06 AM PST by RexBeach
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To: ClearCase_guy
Scenario A) Unemployed person gets a check, goes to the store and buys food, a magazine and some socks. Does this "grow" the economy? Not a chance. It sustains some existing businesses, at best.

The money to pay for the unemployment results in increased taxes for the small business owners and they lay off workers.

35 posted on 12/14/2010 11:24:25 AM PST by mbynack (Retired USAF SMSgt)
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To: i88schwartz
using Obama’s logic... the best thing that could happen to the economy is the unemployment rate jumping to 20% with all those extra millions collecting unemployment!

WOOT! nothing rev's up an economy like 20% of the working population on unemployment benefits!!!!

*rolls eyes*

36 posted on 12/14/2010 11:34:56 AM PST by TexasFreeper2009 (Obama = Epic Fail)
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To: i88schwartz
Well I guess if you work AT the unemployment office, it is a boom for you. An Pawn shops must be doing pretty good as people trade in valuable for cash is skyrocketing.
37 posted on 12/14/2010 11:35:04 AM PST by NavyCanDo
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To: i88schwartz

Obama is dumber than a rock.


38 posted on 12/14/2010 11:44:07 AM PST by mulligan
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To: i88schwartz

39 posted on 12/14/2010 11:49:58 AM PST by traumer
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To: i88schwartz

Oh really? Why don’t we all just quit working and go on unemployment then? Presumably, that would help the economy more than anything else.


40 posted on 12/14/2010 11:52:56 AM PST by 3niner (When Obama succeeds, America fails.)
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To: i88schwartz
Ugh, what a loon.

The problem is, if businesses start spending and hiring (once they are sure the tax cuts have been extended), the economy will pick up. Unfortunately, Obama will say it is because of the extended unemployment, and stupid people will believe him.

41 posted on 12/14/2010 12:00:43 PM PST by MEGoody (Ye shall know the truth, and the truth shall make you free.)
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To: blackdog

Unemployment does not provide economic stimulus in the conventional sense. When they talk about stimulus of unemployment , they refer not to economic growth but to the artificial support of the economy delaying economic contraction, deflation and additional job losses due reduction in demand from people losing the purchasing power that unemployment benefits provide.

In effect, unemployment has temporarily put the brakes on the unstable downward spiral in unemployment where job loss leads to loss of purchasing power which leads to drop in economic demand which leads to more layoffs resulting in even higher unemployment and increased loss of purchasing power.

If unemployment safety net were cut off, we would get a downward spiral of the economy like the Great Depression.

The fundamental underlying problem here is that the Democrats have squandered our capitol reserves on a destructive economic stimulus package which has destroyed job growth and extended the time needed for an economic recovery. The end result will be increasing unemployment for an unnecessarily long period of time with and increasingly negative impact on the economy.


42 posted on 12/14/2010 12:06:14 PM PST by rdcbn
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To: i88schwartz

If more unemployment benefits are the answer, what is the question? Good heavens, I can’t believe this guy is in the White House!!


43 posted on 12/14/2010 12:06:53 PM PST by browniexyz
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To: i88schwartz

you gotta remember that where Obama comes from, “boost” is street slang for “steal”


44 posted on 12/14/2010 12:26:50 PM PST by Buckeye McFrog
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To: Sister_T
RE :”That video of Fred Thompson is brilliant!

Great video. He didn't sound like either elected party, both party's whose solution to everything is more printing and debt.

He sounded JUST like Peter Schiff who gives those lectures all the time and predicted the housing bubble crash when everyone else was claiming it was real growth:

Peter Schiff Analogies

Peter Schiff Was Right 2006 - 2007 (2nd Edition)

45 posted on 12/14/2010 12:27:57 PM PST by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
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To: PhilosopherStone1000
Since unemployment benefits are so good for the economy, I suggest that we all get fired from our jobs

Obama, Pelosi and Reid are doing their damdest to make that happen.

46 posted on 12/14/2010 12:32:35 PM PST by hattend (The meaning of the 2010 election was rebuke, reject, and repeal. - Sarah Palin)
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To: i88schwartz

Saying that poop smells like roses does make it so.

LLS


47 posted on 12/14/2010 12:43:18 PM PST by LibLieSlayer (WOLVERINES!)
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To: rdcbn

So you’re a Yale man huh?


48 posted on 12/14/2010 1:00:52 PM PST by blackdog
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To: i88schwartz
the biggest boost that we can give an economy

Now that's a real feather in Zero's cap....

49 posted on 12/14/2010 1:04:51 PM PST by ErnBatavia (It's not the Obama Administration....it's the "Obama Regime".)
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To: blackdog
No, I did not graduate from Yale.

I do a have a Post Graduate Degree in Applied Economics from the University of Hard Knocks.

I am not interested in anymore continuing education from that particular institution

50 posted on 12/14/2010 1:46:59 PM PST by rdcbn
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