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Unemployment As Stimulus?

Apparently its hard for even "highly educated" people to think things through, and that's why we are where we are

Aug 15, 2011


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AUGUST 15 2011

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Unemployment As Stimulus?
Families Protecting the Valley received this e-mail from Madera County rancher Clay Daulton.  We thought it was worth passing along as a newsletter:

Washington logic almost always ignores that economic equations, just like all equations, have two sides, and usually many interdependent variables. Conveniently forgotten in the White House's equation (article below) are little things like source and destination.  First and foremost: from where does the money come?  And then the question: for what is it used: for foreign or domestic produced goods; for alcohol and cigarettes or for nutritional necessities; for city police, prisons and education or for environmental lawyers pursuing nuances of the law and thus putting domestic business out of business or offshore; for the building of human character or for the destruction of it; for elitist s who force up the cost of pubic works and domestic production (including housing) while creating more, not less unemployment, or for lots of people paid at reasonable rates to create meaningful and lasting things that benefit everybody in the long run;....the latter of which could be done by paying people to actually work instead of not to work.  But then that wasn't the objective in the first place.  The objective is to pay people to vote and not to work!
Apparently its hard for even "highly educated" people to think things through, and that's why we are where we are, now reading that such clap-trap logic resides in such high places. 

Carney: Unemployment Benefits Could Create Up To 1 Million Jobs

"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.

Carney says President Obama is pushing for unemployment benefits to be extended "as we continue to emerge from this recession."

Carney also says this is only one item of a "variety of things to grow the economy and create jobs."

"This is one thing that economists of all stripes agree will directly affect growth, a half-percentage point I believe, economists believe is the payroll tax cut," Carney also said.

Carney estimates that unemployment benefits could create up to one million jobs. However, then he talks about how a possible natural disaster could hurt US economy as well as the global economy.


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