Schumer: Jobless Benefits ‘The Best Stimulus There Is’

Cybercast News Service ^ | December 6, 2012 | Matt Cover

[Olog-hai]

Sen. Chuck Schumer (D-N.Y.) said that extending long-term unemployment benefits would be the “best stimulus there is” for the economy, saying it would create the most jobs for the money. …

Schumer and fellow Senate Democrats called for yet another extension of benefits for the long-term unemployed before the current benefit extension expires at the end of the year. …

[Olog-hai]

Another one parroting this line. Looks like this is going to become the new Inner Party mantra for the end of the year.

[Uncle Miltie]

The stupidity of Schumer just makes my head hurt.

If Jobless Benefits are “The Best Stimulus There Is”, then we should ALL GO ON UNEMPLOYMENT!!!!!

That would solve all our ills, according to Schumer.

Dumber than a box of rocks.

[plain talk]

Yes! He is right. It stimulates joblessness. Is that what he wants?

[Rennes Templar]

Unemployment benefits soon to become classified as a government job, unemployemnt rolls to go way down.

[WKUHilltopper]

So why doesn’t Schumer do his patriotic duty, help stimulate the economy by going on unemployment benefits himself?

[GeronL]

“Jobless benefits help the economy”

is exactly like the Broken Window Fallacy

it’s the same thing really

If we were all uemployed, this economy would be really rocking!! uh... no

[A Navy Vet]

All I can say to such inanity is.. oh my gawd. I know I’m sounding old, but such “retardation” is prevalent in America and to take care of yourselves. There is no going back anytime soon.

[Obama_Is_Sabotaging_America]

Maybe those on unemployment should form a ‘laborless union’.

[WashingtonSource]

This makes Schumer dumber than Pelosi, who is dumber than a box of rocks. Amazing.

[Oldexpat]

All jobless benefits should be issued as an EBT card so that we could see what it was used to buy. Big screen tv’s would be high on the list..last would be rent and food..my guess.

[A Navy Vet]

"...saying it would create the most jobs for the money."

And who's money would that be? Oh right, Obambi's stash.

[Da Coyote]

Forgive him, for he is Dim-bulb-crat, and higher mental functions (such as elementary economics) are completely beyond his ability.

[manc]

just as stupid as saying the trickle affect starts in the middle or the bottom.

These people really are so stupid that they have convinced themselves they are smart

[Brett66]

Why don’t we make printing or copying money legal? That way no one will ever have to go without again.

[Red Badger]

In a way, he’s right.

It keeps people from storming Capitol Hill and dragging them out to the nearest tree.................

[Vision]

He’s not dumb he’s pushing an agenda which provides security and wealth for himself.

[NonValueAdded]

Technically no. A "stimulus" should add activity that would otherwise not be there. Jobless benefits might have the effect of keeping existing spending going when the jobless person falls off their own personal financial cliff, i.e. the family keeps eating. But that isn't really stimulative and most benefits help a family meet only their most basic needs.

[massgopguy]

So there’s all kinds of Disposable Income with Unemployment Benefits? Funny, I remember barely being able to pay the rent.

[BenLurkin]

He bascially admits that using “stimulus” to buy votes is the ‘Rat plan.

[FlipWilson]

No jobless benefits. Spread the pain. If the voters like Obama and think that his tax raising policies create jobs then let them test that theory. If the dems are correct, then nobody need worry about jobless benefits as the jobs will be coming. It is time for the Republicans to stop insulating the electorate from the consequences of their votes.

[SoFloFreeper]

Yes, folks, they’re really that stupid.

[FrankR]

[Berlin_Freeper]

‘The Best Stimulus There Is’ is letting people go hungry.

[History Repeats]

Just when I think this fool has said or done the most ignorant thing possible he proves me wrong by saying or doing something even more ignorant. WOW! Just effin WOW!

[canuck_conservative]

Dumber than a box of rocks.

Of course.

And yet an uncomfortable percentage of the population, and the Leftist Media, believe this garbage.

Just like they believe "green jobs" at $1 million each are a good idea, conservatives only criticize Obama because he's black, Republicans are the party of the rich, blah, blah, blah.

How can you fight a tidal wave of stupidity and blindness? How??

[RatRipper]

“Frank!!!!! I’m getting a sick headache!!!!!”

[Sacajaweau]

So it follows that we should all be unemployed and collecting a “government check”. Wow...what logic !!!

[cotton1706]

Another reason to just get to January 1st by doing nothing. When they’re constitents on the couches don’t get their paychecks, there will be hell to pay.

[Bluestocking]

Remember when the Democrats used to care about working families? Now Obama’s failed economic policies have given the Democrats a whole new and growing segment of the population to care about — NON-working families.

Although if the Democrats really cared about those Americans who will be losing their unemployment benefits at the end of the year, Democrats like Chuck Schumer and Nancy Pelosi would be in serious negotiations now with Congressional Republicans to allow unemployment benefits to be extended in exchange for extending the Bush tax cuts for the wealthy.

But that will not happen. To paraphrase Golda Maier, America will not solve its economic problems until Democrats start loving the poor more than they hate the rich.

[USNBandit]

So if unemployment is stimulus then we can add all the extended unemployment in the last three and a half years to the cost of the stimulus. And it still hasn’t worked.

[lgjhn23]

...and how do you spell moron? S C H U M E R.

[Rockiette]

This spending from Obama is so out of control, he’s giving billions to the UN for climate control. There is no one to stop this monster, this is simply outrageous!

[Taxbilly]

Nancy Pelosi how unemployment creates jobs. Youtube

[RginTN]

I know leftists parroting this absurdity. I should tell them to get fired;)

[tanknetter]

Technically no. A "stimulus" should add activity that would otherwise not be there. Jobless benefits might have the effect of keeping existing spending going when the jobless person falls off their own personal financial cliff, i.e. the family keeps eating. But that isn't really stimulative and most benefits help a family meet only their most basic needs.

Very true. But here's the interesting part - setting aside the part about good jobless benefits being an enabler of continued joblessness, in saying that jobless benefits are the best stimulus, he's implicitly admitting that money works best in an economy when it is in the hands of actual individual consumers.

Which just happens to be the exact argument in favor of lower taxes, right?

[Venturer]

Gee Chuck: Why not just send everyone a check whether they ever worked or not.

That would stimulate the economy too.Until the economy ran out of money ripped off from workers to pay for it.

[GreyFriar]

I second your motion.

[Venturer]

Gee Chuck: Why not just send everyone a check whether they ever worked or not.

That would stimulate the economy too.Until the economy ran out of money ripped off from workers to pay for it.

[BobP]

[muglywump]

This really a John Semmens article, right?

[Olog-hai]

Unfortunately, no.

And what’s worse, this similar story is a Semmens composition turned real! (I linked the Semmens thread in the first post.)

[jivin gene]

“So why doesn’t Schumer do his patriotic duty, help stimulate the economy by going on unemployment benefits himself?”

Judging from his level of “productivity”, he has been on unemployment benefits for a long, long time.

[KeyLargo]

Extended federal unemployment insurance ending

CHICAGO — The Illinois Department of Employment Security says a federal program that provided unemployment insurance beyond the state’s initial 25-week coverage will expire Dec. 29.