Nancy Pelosi asserts that unemployment benefits are great for the economy. “It creates jobs faster than almost any other initiative you can name,” she says.
In other news:
- Candy bars are good for weight loss
- Never saying no to your children makes them well-behaved
- The best way to help an addict is to enable him or her
Good or bad, stimulating or not, how in the world does welfare help the economy? Make no mistake, unemployment checks are welfare. It’s money that you get for not working. I have friends that refer to their unemployment as a paid vacation, and are annoyed when they actually have to go find a job when their benefits run out.
How does requiring employers to pay former employees for NOT WORKING free up more cash for them to hire new people? Someone please explain this to me.
H/T Breitbart TV
A says:
It is pretty simple how unemployment benefits can stimulate an economy. These unemployment benefits, or as you call them wellfare checks, are the recipients only source of income. Because of this most of it, if not all, is used to buy goods and services. This can result in businesses hiring more workers to meet demand. It is pretty simple economics. It may not be the best way to stimulate an economy but it can to a certain extant.
July 6, 2010, 10:49 pmJenny says:
Too bad that no one will be able to actually hire new employees, seeing as how they’d still be paying the previous employees up to two years after after they stop working, should the so-called jobs bill pass.
Now give me a pet unicorn. I’m entitled.
July 6, 2010, 11:14 pmBridget Willard says:
I love it! “Candy bars are good for weight loss.”
July 13, 2010, 12:51 pmGreat points.
Glad to have found your blog.