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Carney: Unemployment Benefits Could Create Up To 1 Million Jobs
realclearpolitics.com ^ | August, 10, 2011 | realclearpolitics.com

Posted on 08/11/2011 9:03:21 AM PDT by Dubya-M-DeesWent2SyriaStupid!

"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.

(Excerpt) Read more at realclearpolitics.com ...


TOPICS: Business/Economy; Crime/Corruption; Front Page News; Government
KEYWORDS: carney; idiot; impeachobama; jaycarney; jaycarneyidiot; jobs; liberalidiots; millionjobs; nocommonsense; ui; unemployment; unemplyment
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To: Dubya-M-DeesWent2SyriaStupid!

Not to mention that for every dollar the government gives out... more than a dollar has to be taken in from the private sector to cover it.

That equals a net loss all around.


101 posted on 08/12/2011 2:54:25 AM PDT by gogogodzilla (Live free or die!)
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