Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Hoyer: Food Stamps, Unemployment Insurance 2 'Most Stimulative' Things for Economy
CNSNews ^

Posted on 07/17/2012 1:27:46 PM PDT by Sub-Driver

Hoyer: Food Stamps, Unemployment Insurance 2 'Most Stimulative' Things for Economy By Elizabeth Harrington July 17, 2012

(CNSNews.com) – House Minority Whip Steny Hoyer (D-Md.) said Tuesday that food stamps and unemployment insurance are the two "most stimulative" t things you can do for the economy.

During a pen and pad briefing with reporters on Capitol Hill, Hoyer was asked if any Democrats are “reconsidering the wisdom” of letting the Bush tax cuts expire at year’s end for the top income earners given the still struggling U.S. economy.

"I haven’t talked to any who are of that mind," said Hoyer. "If you talk to economists, they will tell you there are two things that are the most stimulative that you can do -- one’s unemployment insurance, the other’s food stamps, okay?”

“Why is that?” he said. “Because those folks who receive those resources must spend them. And they’ll spend them almost upon receipt. Most economists with whom I talk believe that those with significant discretionary income, that that’s not the case.”

Unless action is taken by Congress, the Bush tax cuts will expire on Jan. 1, 2013. Originally enacted in 2001 and 2003, President Barack Obama and Congress renewed the cuts for all income-brackets for two years in 2010.

Obama and the Democrats are now proposing that the rates be extended for one more year, until the end of 2013, for people earning less than $250,000 a year, while Republicans want the rates extended for people in all income brackets.

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


TOPICS: Business/Economy; News/Current Events; Politics/Elections; US: Maryland
KEYWORDS:
Navigation: use the links below to view more comments.
first 1-5051-57 next last
What an idiot........
1 posted on 07/17/2012 1:27:50 PM PDT by Sub-Driver
[ Post Reply | Private Reply | View Replies]

To: Sub-Driver
Hoyer: Food Stamps, Unemployment Insurance 2 'Most Stimulative' Things for Economy

Yep, how else was I able to buy Mercedes?

2 posted on 07/17/2012 1:30:19 PM PDT by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Wat!?!


3 posted on 07/17/2012 1:31:08 PM PDT by MNGal
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Steny doesn’t know that Atlas Shrugges is a novel. He thinks it’s a blueprint.


4 posted on 07/17/2012 1:31:50 PM PDT by tgusa (gun control: deep breath, sight alignment, squeeze the trigger .......)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

“I haven’t talked to any who are of that mind,” said Hoyer. “If you talk to economists, they will tell you there are two things that are the most stimulative that you can do — one’s unemployment insurance, the other’s food stamps, okay?”

This completely overlooks the fact that in order to pay these you have to take the money OUT of the economy to begin with in the form of taxes! Sheesh!


5 posted on 07/17/2012 1:33:58 PM PDT by Castigar
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

The government should raise food stamps and unemployment benefits by 100% and give them to everyone.

THAT would assure prosperity for all.


6 posted on 07/17/2012 1:34:05 PM PDT by LucianOfSamasota (Tanstaafl - its not just for breakfast anymore...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Marveling at Steny and Nancy’s double digit IQ’s.


7 posted on 07/17/2012 1:37:18 PM PDT by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver
House Minority Whip Steny Hoyer (D-Md.) said Tuesday that food stamps and unemployment insurance are the two "most stimulative" things you can do for the economy.

And tell us,Mr Hoyer,what are "things" numbers three to ten on your list of stimulative things? Is "aiding in the creation of private sector jobs" on the list?

No,I didn't think so.

8 posted on 07/17/2012 1:37:48 PM PDT by Gay State Conservative (Jimmy Carter Is No Longer The Worst President Of My Lifetime)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

9 posted on 07/17/2012 1:39:40 PM PDT by Abathar (Proudly posting without reading the article carefully since 2004)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver
Hoyer: Food Stamps, Unemployment Insurance 2 'Most Stimulative' Things for Economy

In a Robust Economy, one filled with opportunity and growth...it wouldn't be very stimulating, it would be detrimental...but since we are in a Depression, and Hoyer verifies it with his statement.....the most stimulating thing 'they' can do in this environment is institute $bread$ lines. Keep those bellies full....

10 posted on 07/17/2012 1:39:44 PM PDT by libertarian27 (Check my profile page for the FReeper Online Cookbook 2011)
[ Post Reply | Private Reply | To 1 | View Replies]

To: b4its2late
Marveling at Steny and Nancy’s double digit IQ’s.

You mean when added together?

11 posted on 07/17/2012 1:40:04 PM PDT by facedown (Armed in the Heartland)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Sub-Driver

Dang. I have been so wrong. I thought working for an income, independent of the government, paying taxes, and being able to choose how to spend any (minimal) discretionary money, including which charities to fund... were the keys to improving the economy. I should look into this other lifestyle he’s promoting!


12 posted on 07/17/2012 1:41:12 PM PDT by NEMDF
[ Post Reply | Private Reply | To 1 | View Replies]

To: b4its2late
Marveling at Steny and Nancy’s double digit IQ’s.

Any chance that either of those digits are greater than "two"?

13 posted on 07/17/2012 1:41:12 PM PDT by Gay State Conservative (Jimmy Carter Is No Longer The Worst President Of My Lifetime)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Sub-Driver

then to hell with “creating jobs” and to hell with those rich people who bury their money in the back yard.

Put 300 million of us on food stamps and unemployment!

We’d be the world’s economic engine!
Eat your heart out, China!


14 posted on 07/17/2012 1:41:46 PM PDT by silverleaf (Every human spent about half an hour as a single cell)
[ Post Reply | Private Reply | To 1 | View Replies]

To: b4its2late

Double-digit? More like single-digit.


15 posted on 07/17/2012 1:42:38 PM PDT by Jean2
[ Post Reply | Private Reply | To 7 | View Replies]

To: Sub-Driver

Yep, an idiot. I received 74 weeks of “unemployment” at $275 a week (less FIT - take home $247) and I didn’t spend ONE DIME of that money. I saved it all (full disclosure - wife has very good job).

Guess I should reapply for my 25 more weeks and see if they’ll give me food stamps too!


16 posted on 07/17/2012 1:42:44 PM PDT by Fledermaus (Democrats are dangerous and evil. Republicans are useless and useful idiots.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Abathar

That had gotta be about the best “cartoons” I’ve seen in a long time!


17 posted on 07/17/2012 1:43:05 PM PDT by Gay State Conservative (Jimmy Carter Is No Longer The Worst President Of My Lifetime)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Abathar

Excellent!

Free Barry and Lavaughn
November 2012


18 posted on 07/17/2012 1:43:10 PM PDT by silverleaf (Every human spent about half an hour as a single cell)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Sub-Driver

Now he’s channeling that dingbat Nancy Pelousy.


19 posted on 07/17/2012 1:43:10 PM PDT by WashingtonSource
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Stupid is what stupid thinks. Where do we get these stupid clowns from anyway. Geees.


20 posted on 07/17/2012 1:44:15 PM PDT by Bitsy
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver


21 posted on 07/17/2012 1:44:54 PM PDT by darkwing104 (Let's get dangerous)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Abathar
As a matter of fact I ask your permission to use that as my new tagline!
22 posted on 07/17/2012 1:46:23 PM PDT by Gay State Conservative (Jimmy Carter Is No Longer The Worst President Of My Lifetime)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Gay State Conservative

Yeah, saw that and just had to pay it forward...


23 posted on 07/17/2012 1:46:42 PM PDT by Abathar (Proudly posting without reading the article carefully since 2004)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Puppage

Hoyer: Food Stamps, Unemployment Insurance 2 ‘Most Stimulative’ Things for Economy = Big lie. Where is the growth? duh

Thin cover for the Dems huge spending spree.


24 posted on 07/17/2012 1:47:02 PM PDT by y6162
[ Post Reply | Private Reply | To 2 | View Replies]

To: Castigar

“If you talk to economists, they will tell you there are two things that are the most stimulative that you can do — one’s unemployment insurance, the other’s food stamps, okay?”

####

Not even CLOSE to “okay” you Magnificent Obtuse Parasitic Dumbass.

Your “economists” are simply fiscally ignorant propagandists for the dead end collectivist economy.

Give them tenure, titled poistions in the Politburo and shiny socialist prizes, and they’ll repeat their surreal economic garbage, ad nauseum.


25 posted on 07/17/2012 1:48:02 PM PDT by EyeGuy (Armed, judgmental, fiscally responsible heterosexual.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Gay State Conservative

Go for it, never thought of that but it would make a great one.


26 posted on 07/17/2012 1:48:02 PM PDT by Abathar (Proudly posting without reading the article carefully since 2004)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Sub-Driver

How can the economy improve when liberals are putting all the satirists out of work?


27 posted on 07/17/2012 1:49:43 PM PDT by Hunton Peck (The patient is bleeding to death! Apply more leeches!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Abathar
Outstanding! I just tweeted it to a local Boston talk host (Jay Severin) who's on the air now.I wonder if he'll mention it!
28 posted on 07/17/2012 1:58:18 PM PDT by Gay State Conservative (Poor Barak.If He's Reelected Imagine The Mess He'll Inherit!)
[ Post Reply | Private Reply | To 26 | View Replies]

To: Sub-Driver

Malt liquor and potato chips are stimulative?


29 posted on 07/17/2012 1:59:05 PM PDT by whitedog57
[ Post Reply | Private Reply | To 1 | View Replies]

To: Castigar
This completely overlooks the fact that in order to pay these you have to take the money OUT of the economy to begin with in the form of taxes! Sheesh!

In the old days you did (and that's the way it should be)...now they just print more money...alas, there is no way to stop them.
30 posted on 07/17/2012 2:00:05 PM PDT by DJlaysitup
[ Post Reply | Private Reply | To 5 | View Replies]

To: b4its2late
Marveling at Steny and Nancy’s double digit IQ’s.

When added together, I think you forgot to say.

31 posted on 07/17/2012 2:05:33 PM PDT by TexasRedeye
[ Post Reply | Private Reply | To 7 | View Replies]

To: Sub-Driver

So we would have a robust economy if everyone was on unemployment and food stamps...

...Throw away your Economics text books, common sense, and our constitution and join the communist-democrat party.


32 posted on 07/17/2012 2:06:12 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

Amazing isn’t it?

This is exactly why this country is in so much trouble...we are being governed by absolute morons. Sigh...


33 posted on 07/17/2012 2:06:15 PM PDT by alice_in_bubbaland (When injustice becomes law, resistance becomes mandatory- Thomas Jefferson)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

This is a recycled Nancy Pelosi speech from about 18 months ago


34 posted on 07/17/2012 2:26:32 PM PDT by Buckeye McFrog
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

And that’s where the nation is July 17 2012.

Sad.


35 posted on 07/17/2012 2:33:44 PM PDT by ElPaseo
[ Post Reply | Private Reply | To 1 | View Replies]

To: ElPaseo

Truly sad what we now consider stimulating the economy.


36 posted on 07/17/2012 2:37:13 PM PDT by NoLibZone (We must get down on our knees each day and thank God that McCain/Palin didn't win in '08. Right?)
[ Post Reply | Private Reply | To 35 | View Replies]

To: b4its2late
"Marveling at Steny and Nancy’s double digit IQ’s."

Since Maryland sent Nancy (D'Alesandro) Pelosi out West to Eff them up, did they send Steny East to flush MD down the toilet? I'm very suspicious.

37 posted on 07/17/2012 2:49:04 PM PDT by Thom Pain (U.S. Constitution is a CONTRACT!)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Sub-Driver

With a name like Steny....what an asshat. The man has no brain and proves it on a regular basis.


38 posted on 07/17/2012 2:53:41 PM PDT by BatGuano (You don't think I'd go into combat with loose change in my pocket, do ya?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Thom Pain
"....did they send Steny East to flush MD down the toilet?"

No.

We've been circling the drain for quite a few years. I'm getting tired of treading "water".

39 posted on 07/17/2012 3:06:19 PM PDT by SnuffaBolshevik (In a tornado, even turkeys can fly.)
[ Post Reply | Private Reply | To 37 | View Replies]

To: Sub-Driver
cause God knows, forcing them to take a job, ANY job would be a drag on the economy... is that it???
40 posted on 07/17/2012 3:19:27 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

The Democrats get to make things up as they go along. The “news media” would never criticize them.


41 posted on 07/17/2012 3:24:38 PM PDT by popdonnelly (The first priority is get Obama out of the White House.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

it’s the “mass” stimulus plan.


42 posted on 07/17/2012 3:51:39 PM PDT by huldah1776
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver

What the hell’s a “steny”????


43 posted on 07/17/2012 4:04:37 PM PDT by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: huldah1776
To all freak -staters: please rethink reelecting asshat-moonbat fools like steny...barbara…and other pinheaded LIBs. Pretty please.
44 posted on 07/17/2012 4:11:31 PM PDT by ogen hal (First amendment or reeducation camp?)
[ Post Reply | Private Reply | To 42 | View Replies]

To: ogen hal

what?


45 posted on 07/17/2012 5:45:55 PM PDT by huldah1776
[ Post Reply | Private Reply | To 44 | View Replies]

To: Sub-Driver

Sounds like Hoyer’s been smoking doobies with Obama. Where did these people study econmics?


46 posted on 07/17/2012 5:50:36 PM PDT by RedEyeJack
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver
House Minority Whip Steny Hoyer (D-Md.) said Tuesday that food stamps and unemployment insurance are the two "most stimulative" t things you can do for the economy.

The only word I can think of is, "delusional."

Steny, let me help you here (if it's not a psychiatrist you need). Steny, the economy is not a zero sum game. There is not just a one sized pie. When, for example, someone invents something like a product or service, the economy grows. That's how the pie grows, and that's how individual wealth grows. And here's another tid bit for you Steny, that's how the tax base, and hence revenues to the government grows.

Steny, that little economic lesson cost fifty bucks. You can easily find out where to send it.

5.56mm

47 posted on 07/17/2012 6:07:52 PM PDT by M Kehoe
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sub-Driver; Abundy; Albion Wilde; AlwaysFree; AnnaSASsyFR; bayliving; BFM; cindy-true-supporter; ...

Let’s hear it for Stimpy Hoyer!

Maryland “Freak State” PING!


48 posted on 07/17/2012 7:06:32 PM PDT by Tolerance Sucks Rocks (Obama should change his campaign slogan to "Yes, we am!" Sounds as stupid as his administration is.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: b4its2late
Marveling at Steny and Nancy’s double digit IQ’s.

Well, that's only if 80 (borderline retarded) were something to marvel about.

49 posted on 07/17/2012 9:01:11 PM PDT by Tolerance Sucks Rocks (Obama should change his campaign slogan to "Yes, we am!" Sounds as stupid as his administration is.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Sub-Driver

Ok Steny, then what the hell is the Problem then?


50 posted on 07/18/2012 4:48:28 AM PDT by ballplayer
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-57 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson