Posted on 12/02/2010 3:46:06 PM PST by Libloather
**SNIP**
At the very top, the single most effective thing that they studied that Washington can do to reduce unemployment—the very top? Increasing aid to the unemployed.
Why is that the most effective thing Washington can do? Because people who are unemployed are broke. So, if the government gives them money, they will turn around and spend it. They‘ve got to. They will spend that money instead of saving it, because they cannot afford to save it. And spending that money increases consumer demand, which is good for companies that supply that demand, which means those companies get more busy and they grow, which means they hire more people and so on. That‘s the whole idea of stimulus.
Unemployment benefits aren‘t just handy for people who paid into unemployment insurance and lost their jobs, unemployment benefits are handy for all of us, because they are very, very stimulative. They are very good for the economy as a whole. Aid to the unemployed is the single most effective policy that the nonpartisan CBO studied.
Of the 11 different policies they evaluated, the single most effective one for creating jobs: unemployment benefits. The single least effective one for creating jobs was, oh, reducing income taxes. Yes. So, again, to be clear, most effective, best thing for the economy: unemployment benefits. Least effective in terms of what‘s good for the economy: reducing income taxes.
This is multiple choice and you get the answers. Not from some schmuck on cable TV, but from the nonpartisan Congressional Budget Office, that office that studies this stuff. If you care about jobs, their study makes the answers easy—most effective thing for creating jobs: unemployment benefits. Least effective thing for creating jobs: cutting the income tax.
(Excerpt) Read more at today.msnbc.msn.com ...
ROTFLMAO!!! That one’s great!! I didn’t hear him say that. Thanks for posting it.
The nonpartisan CBO endorsed alchemy as a way to increase gold holdings and shrink debt, consulting Miss Cleo to determine lucky Lotto numbers that could magnify the alchemy profits, and finally to employ perpetual motion and cold fusion as ways to use green technology to put people to work and reduce CO2.
.
She’s certainly an economic illiterate.
Oldie but goodie I did a while back:
http://www.freerepublic.com/focus/news/2154559/posts?page=31#31
Happy to oblige. I was driving when he said it, and I had to pull over because I was laughing so hard.
Well, if unemployment benefits are so beneficial to the economy I suggest that Madcow do her part to help Barry and the Democrat Party and quit her job.
I suggest firing Madcow and see how that benefits the economy. It just might, proving her right in a fashion.
I am amazed to realize that the answer to the question that stumped Limbaugh is immediately obvious to me. Casanova’s method was based on telling a woman that she is what she is not so he would obviously tell Maddow that she is at once more intelligent than anyone he had ever known and more beautiful than any woman he had ever seen.
Seriously though, Rush made a good one there.
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