Posted on 04/07/2019 11:48:35 AM PDT by John Semmens
This past week, filings for unemployment benefits fell to a level not seen since December of 1969. While most reasonable individuals would consider this an encouraging development, House Majority Leader Nancy Pelosi (D-Calif) begged to differ.
“Unemployment benefits have always been a key weapon against economic recession,” she contended. “Putting money in the hands of those who have lost their jobs is the best stimulant for the economy in times of trouble. In this respect, I find the decline in filings to be extremely frightening.”
“The euphoria now being experienced by Trump and the Republicans overlooks the danger of relying on full employment to drive the economy forward,” Pelosi warned. “This approach requires the continued production of useful goods and services to sustain household incomes. In contrast, government subsidies like unemployment benefits do not require the production of anything of value. These payments can be made while plants remain idle—allowing a win-win scenario of increased leisure and sustained household income.”
White House economic adviser Larry Kudlow dismissed Pelosi’s “addled economic thinking. The wealth of nations consists of the real goods and services produced by the cooperative efforts of capital and labor. Unemployment benefits contribute nothing to this process. At best they can serve as a temporary mitigation for a limited number of out-of-work individuals. Even then, payment of these benefits is only possible if the necessary real wealth is created by actual production.”
if you missed any of this week's other semi-news/semi-satire posts you can find them at...
https://azconservative.org/2019/04/06/islamic-activist-defends-attacks-on-jews/
Are these people real??? They think unemployment benefits are prefererable to jobs???? On 2nd thought I guess they do...prefer to have more economic control over people...
*semi satire alert*
AOC School of Economics.
FR: Never Accept the Premise of Your Opponent’s Argument
Based on PDJT’s analysis of historical trade deals, Speaker Pelosi stubbornly overlooks that the reason that US citizens have lost their jobs is because Democrats and RINOs have been making very bad trade deals, US citizens loosing their jobs to foreign workers.
Remember in November 2020!
MAGA!
Funny.. semi-satire...I like it....
Assume, just for a second that Pelosi is not that stupid. Then assume she believes you, or a significant fraction of the electorate are.
The BITCH is pissed that she can’t find enough welfare illegals to work her thousand acre vineyard and has to pay LEGALS 5 bucks an hour!
Did she really not say that?
Pelosi has long maintained that unemployment benefits are the most important driver of the economy.
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