Skip to comments.Carney: Unemployment Benefits Could Create Up To 1 Million Jobs
Posted on 08/11/2011 9:03:21 AM PDT by Dubya-M-DeesWent2SyriaStupid!
"I understand why extending unemployment insurance provides relief to people who need it, but how does that create jobs," Wall Street Journal's Laura Meckler asked Jay Carney at Wednesday's WH briefing. Carney responded: "Oh, uh, it is by, uh, I would expect a reporter from the Wall Street Journal would know this as part of the entrance exam." "There are few other ways that can directly put money into the economy than applying unemployment insurance," Carney said. Carney answers the question: "It is one of the most direct ways to infuse money directly into the economy because people who are unemployed and obviously aren't running a paycheck are going to spend the money that they get. They're not going to save it, they're going to spend it. And with unemployment insurance, that way, the money goes directly back into the economy, dollar for dollar virtually." "Every place that, that money is spent has added business and that creates growth and income for businesses that leads them to decisions about jobs, more hiring. So, there are few other ways that can directly put money into the economy than applying unemployment insurance, Carney said.
(Excerpt) Read more at realclearpolitics.com ...
From what I see, hear and live the above is commonplace more often than not.
So how does this create a million jobs? Carney/Obama's theory seems to think people are rich when they get unemployment insurance and they will go spend and shop creating jobs? On UI you go to the grocery store and pay basic bills, barely. You don't go out and buy extravagant things or eat out. They are all on crack
EASY! The more unemployed in the country the more the Department Of Labor needs to hire to process the unemployment checks.
Sorry, but say I bring home 4500$ per month. In the state of TX, that is 340$ a week max UE. That money is not going to the stimulate the economy. These people are idiots.
So is the White House admitting that letting people keep and spend their own money creates jobs, or do the basic laws of Economics only apply when the Gov’t gives you someone else’s money?
This is so stupid. I am for unemployment benefits, but you have to be a real nut to think it’s going to add jobs in any real way.
If it did, why doesn’t the government give everyone a free $50k check a year, working or not. That way, we’d all be spending more.
“They are all on crack”
No, but Holder’s people are, and that’s one of the “industries” they’ll support with their UI. That, and tobacco, alcohol, and electronics, (cell phones and TVs).
You aren’t far off base. A large amount of stimulus money that came to my state went to upgrades and “greening” of unemployment offices.
If I had the chance to ask these yahoo’s just one question it would be... “How does taking water from one side of the pool and pouring it into the other side of the pool add any water?”
If it’s so wonderful for the economy why not give everyone $1MM? Because jobs arise from wealth creation and wealth is created when risk is taken with the prospect of reward.
A job is not a vehicle for an individual to be a consumer.
A job is a vehicle to further the aims of business entity in it’s pursuit of a return on invested capital.
The people that buy this crap are self-dillusional because, were it true that spending stimulated the economy, everyone in the world now would be wealthy.
But there will always be looters to preach pretty lies to moochers.
I would have loved it if the reporter followed up by asking Carney if it was the administration’s goal to have everyone on unemployment so that the economy could really take off.
One must be economically ignorant, intellectually dishonest, or both to believe that jobs are created by higher taxes, increased government spending, and (especially by) expanded unemployment insurance. That most Democrats seem to believe these things unreservedly is an index of how much trouble we are in.
You're lucky. The economic stimulus money that came to my state went to the spanish owned electric company and they used the money to install smart meters at every home and laid off all of their meter readers.
and it produces more than the owner”
I believe the Keynesian talking point on this is the “multiplier effect”. That term was bandied about ad nauseum during the stimulus era. The idea being, if you give a buck to Joe, then he spends it at the local shop, the shopkeeper in turn spends it elsewhere, and so on blah blah blah. Then they produced a “study” that said that the “multiplier effect” created something like $1.20 in value for every $1.00 put into the system.
So there you have it.
Next on my list of “things to do” is alchemy. And other forms of magic.
You forgot Casinos, and inner-city drug dealers
REF POST :"There are few other ways that can directly put money into the economy than applying unemployment insurance," Carney said. Carney answers the question: " It is one of the most direct ways to infuse money directly into the economy because people who are unemployed and obviously aren't running a paycheck are going to spend the money that they get. They're not going to save it, they're going to spend it. And with unemployment insurance, that way, the money goes directly back into the economy, dollar for dollar virtually." "Every place that, that money is spent has added business and that creates growth and income for businesses that leads them to decisions about jobs, more hiring. So, there are few other ways that can directly put money into the economy than applying unemployment insurance, Carney said"
Dead liberal stimulus economic theory. Paying people to NOT work increases employment like paying for abortions increases the birth rate. Unemployed People DO NOT HIRE EMPLOYEES YOU MORON!
They need to loose they’re jobs. See if they could live off of $300-500 a week and bolster the economy. It is so damned ironic the dems accuse the pubs of having favor to the rich.These idiotic liberals don’t have a clue what it is like living off of $300-500 a week. That is their tip money for one day in the five star eatery.
The idiocy of Carney in this statement simply cannot be overstated. Taken to it’s logical conclusion, the economy would be booming if everyone were on unemployment.
If that were the case, there would be no workers producing goods, no goods to be had, no services being rendered and that would be a booming economy?
I’m at a loss....
More of the "you're too dumb to understand" bullsqueeze.
Of course the real answer to the question is: "If Obama doesn't pay people without a job there is no way in hell they will vote for his dumbazz again."
A job is not a vehicle for an individual to be a consumer.
A job is a vehicle to further the aims of business entity in its pursuit of a return on invested capital.”
Well stated, sir.
We might add by way of a preface:
The fundamental “problem” of economics is one of PRODUCTION not of CONSUMPTION.
Sadly, none of the so-called journalists have enough testicular fortitude to ask such questions.
Jay Carney - they ought to call the Democrats “A CHORUS LINE”.
Tappity tap tap “I call this ‘The Unemployment Line Lunge’. See how my feet move.” Tappity tap tap tap “Now this one is known as ‘The Democrat Do-Si-Do’. We’ve fooled a lot of people with this one.” Tappity tappity tappity “This is the President’s favorite.....”The Socialist Shuffle’. He’s gotten a lot of mileage out of that”. Tappity tappity tap tap.
We must spend our way out of debt and into prosperity.
War is peace.
Freedom is slavery.
Ignorance is strength.
(George Orwell lives.)
Exactly, I was making $750 a week, got laid off and spent all last summer “raking in” $720 every TWO weeks on unemployment.
Net loss to the economy: $780 every two weeks.
With economic geniuses in the White Hut like Clown Carney, it’s no wonder we are in the state we are in.
‘Unemployment Benefits Could Create Up To 1 Million Jobs
Stupefying, death defying idiocy!!!
This is so stupid, I can’t believe he said this, or that the other dems they’ve trotted out including nancy all say unemployment insurance actually creates jobs. YOU HAVE TO TAKE THE MONEY FROM PEOPLE WHO ARE WORKING....HELLO....AND GIVE IT TO THOSE WHO ARE NOT. It’s just money exchanging hands, but, it’s the same amount of money(actually it’s probably less money). How in the heck does that create a job?
Didn’t Pelosi say this over a year ago as well?
I wish a reporter would ask Obama to guess how much someone making let’s say $20 dollars an hour $46,000-48,000 a year makes a week in UI? If he hesitates tell him it’s what we spend on MO going to a burger joint and feeding her staff in one day.
ROFLOL!!!! That’s awesome!!! That was my thinking except I wasn’t as creative. Taking one dollar from one hand and putting it into the other hand(actually the government gets it’s cut of that dollar, so it’s actually less than a dollar).
Well, it does create jobs for people pouring the water. This is exactly the way liberals think.
I can't believe that Carney actually believes this crap he spews.
Moreover, I can't believe he expects those listening to believe it.
Or are so arrogant they think the rest of us are idiots.
Using your logic: if all the ATMs were replaced with bank branches open 24 hours and staffed with tellers, we'd all be better off.
Oh, oh, can you spend straw into gold???
Carney, you moron, for every dollar given out for unemployment, several are taxed or borrowed out of the economy, COSTING jobs.
Ever heard of the broken window fallacy, you idiot?!!!
Based on Carney’s reasoning, maybe we should extend unemployment benefits to the 95% of the world’s population who are not American citizens or green card holders. Think about all the jobs that would create.
You COULD argue that unemployment benefits stimulates work for the people who ADMINISTER the benefits.
Hey, speaking of dog. I haven’t been Bo for awhile....hmmmm.
The hell with unemployment benefits how about employment.
Putting 25 million un/under employed back earning money, paying taxes and buying things would solve a lot of our problems.
"Sorry, but say I bring home 4500$ per month. In the state of TX, that is 340$ a week max UE. That money is not going to the stimulate the economy. These people are idiots."
"Let me be clear......those calling me an idiot just need to eat their peas and shut up"
and also beer and lottery tickets
That may be true but please don't sell me the idea with the promise that it's going to create jobs when in reality the unemployment rate increases from 7.2% to 9.2% after the stimulus money has been passed out.
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