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Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits

 
Anonymous Coward
User ID: 31546013
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01/05/2013 04:51 PM
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Re: Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits
18 months. Not 3 years. Still, it should not take anybody more than 90 days to find a job.
Anonymous Coward
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01/05/2013 04:53 PM
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Re: Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits
Sure you betcha! How about "They go Fruit Themselves"!
Anonymous Coward
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01/05/2013 04:57 PM
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Re: Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits
So, Labor Secretary Hilda Solis thinks that collecting unemployent is now the equivalent of having a job.....WTF?????
Anonymous Coward
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01/05/2013 05:09 PM
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Re: Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits
Just plain nuts.

Unemployment insurance was supposed to be short term, temporary thing rather than a way of life.

It is now a 3 year benefit.

I call that welfare not unemployment.
 Quoting: anonanon 4148733


thx to goverment not stimulating job growth in this country,
some people out there have no other means for a income.


what you going to say a communist reply comment let them die in a corner with nothing?
Mad Pole

User ID: 20676524
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01/05/2013 05:15 PM
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Re: Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits
Say what?!?!?

Appearing on CNBC on Friday, President Barack Obama’s Labor Secretary Hilda Solis said “millions of jobs” were saved when Congress extended unemployment benefits in the “fiscal cliff” deal.

“What I think about is those two million people that would have lost their unemployment insurance. Because think about it, all that money that goes out in terms of what is being spent by that unemployment check, helps to generate $2 back into the community. So small businesses, everyone continues to keep their jobs,” Solis said.

“Just by the movement that the president made, we saved millions and millions of jobs.”

[link to www.theblaze.com]
 Quoting: Nostril Domus

What is so hard to understand? If you pay an unemployed man, he then has funds to buy food, pay rent, etc. If you have a community with high unemployment, all that money goes back into the community and circulates. If there is less money to circulate, people working at the grocery store or the hardware store, etc., lose their jobs.

Kind of simple economics, really. Why do you think the concept of unemployment compensation is a standard economic and social policy?

For instance, in our community a large facility for handicapped and mentally challenged workers is being closed. Over 200 people will lose their jobs. These are people who own homes, cars, boats, who buy food and clothes and other products and services. What happens when 200 families lose their sole means of support and have no assistance from the government? Fewer moon pies sold, fewer plumbers called to fix faucets, fewer hair appointments. All that adds up and drives the community further in economic straights. Those 200 people probably support at least another 200 jobs. Those 200 lose their unemployment, the other 200 are in danger of losing their jobs.

Simple, yes? If I were a small business owner in this area, let's say a restaurant owner near the facility, my business would DIE if those same customers couldn't come in to eat using their unemployment benefit. My business suffers, I lay off people, those people can no longer buy products and services (if there is no unemployment insurance)and the cycle gets worse. It's called a deflationary spiral. Those are bad. They lead to depressions.

So, simple, yes?
 Quoting: Spine monkey


If giving unemployed people money to spend in to an economy is good, wouldn't it be equally good if we just handed out money to children as well? That would really increase demand.

Recessions are a necessary evil at times. By papering over an economy's problems, it only makes the inevitable bust worse.

I never understood how people think deflation is a bad thing. How does paying less money for goods and services hurt people? When prices fall, demand increases. Conversely, when prices rise, demand decreases. That's why people get excited when they see a deal like 50% off. No one would buy more products from a store that was advertising a "sale" like "pay 300% more, but only till Tuesday." Big screen tvs, cellphones and computers used to cost thousands of dollars and only the rich could afford them. Now consumer electronics are cheap and even the poor can afford these things today. Demand would drastically fall for electronics if those goods were as expensive as they once were.

Another issue I've always had with Keynesian economics is the claim that a weak currency is good. Keynesians claim that a weak currency is good because it increases demand for exports (ie, it makes goods cheaper for consumers in other countries). Well, why is it a good thing for foreigners to be able to consume our goods cheaply and a bad thing if the domestic population is able to consume our goods cheaply? So low prices are good for foreigners but bad for domestic populations? Remember, the cheaper goods and services are the more demand there will be for them. Last I checked, America has a population of about 315,000,000 people, there's plenty of potential demand there. Just like the myth the Chinese need America to consume their products or they'd lose their jobs. No, the Yuan would strengthen and instead of the Chinese sending their goods to broke Americans, the Chinese would sell their products at lower prices to their domestic population with their newly strengthen is ned currency, which would increase demand.
 Quoting: Anonymous Coward 1447583


I am not sure that you quite understand deflationary cycles.

Supply is determined by the producer not the consumer.

Sure prices drop, but the drop in prices do not increase demand in deflationary cycles, the drop in prices leads to decreased production to meet decreased demand. Those that do have jobs will be paid less to offset any loses a company faces.


So any company which is selling less, will produce less which will result with job loses. Those lost jobs decrease demand further which furthers less production and job loses.

Deflationary cycles only helps those with hard cash, buying up all the assets from those that need to sell just to buy food. Hence the saying, "you can not eat gold".

You will not benefit from lower prices when you have little to no income to afford to buy anything, let alone food.
Mommas youngest getting paper like the oldest one.. We living better guess God felt he owed us one.

-------------------

i was born a sweet lil babi but them staven streets raized me up crazy

--------------------

I always give 100% at work: 13% Monday 22% Tuesday 26% Wednesday 35% Thursday 4% Friday
Anonymous Coward
User ID: 500421
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01/05/2013 05:22 PM
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Re: Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits
I have an anonymous confession to make. Between untaxable VA disability and California unemployment insurance I take in $41K a year without lifting a finger.

Isn't that kind of messed up?
Mad Pole

User ID: 20676524
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01/05/2013 05:23 PM
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Re: Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits
I have an anonymous confession to make. Between untaxable VA disability and California unemployment insurance I take in $41K a year without lifting a finger.

Isn't that kind of messed up?
 Quoting: Anonymous Coward 500421


ya, if you are faking a disability it is.
Mommas youngest getting paper like the oldest one.. We living better guess God felt he owed us one.

-------------------

i was born a sweet lil babi but them staven streets raized me up crazy

--------------------

I always give 100% at work: 13% Monday 22% Tuesday 26% Wednesday 35% Thursday 4% Friday
Anonymous Coward
User ID: 31569649
France
01/05/2013 05:26 PM
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Re: Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits
Just plain nuts.

Unemployment insurance was supposed to be short term, temporary thing rather than a way of life.

It is now a 3 year benefit.

I call that welfare not unemployment.
 Quoting: anonanon 4148733


thx to goverment not stimulating job growth in this country,
some people out there have no other means for a income.


what you going to say a communist reply comment let them die in a corner with nothing?
 Quoting: Anonymous Coward 25646201


They would die anyway, funny money rules the world, nobody wanna fix it, but down the road whole societies collapse the same way.

Restore sound monetary system.
Trial the responsibles madmen for treasonous mismanagement.
Restore effective public instruction.
Enhance incentives for self responsability to get people to manage their own lifetime effectively.
Restore borders and customs fees.
Lower income tax to 10 to 15%.
Relocate Business, and productions lines.
Stricly oversight immigration.

At least 15 to 20 years to get there, hopefully less with excellent mangement.

My 2 cents.
Anonymous Coward
User ID: 15292827
United States
01/05/2013 05:27 PM
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Re: Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits
No you increased dependency on a government who can't even pay their bills.
Anonymous Coward
User ID: 3571320
United States
01/05/2013 06:01 PM
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Re: Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits
Say what?!?!?

Appearing on CNBC on Friday, President Barack Obama’s Labor Secretary Hilda Solis said “millions of jobs” were saved when Congress extended unemployment benefits in the “fiscal cliff” deal.

“What I think about is those two million people that would have lost their unemployment insurance. Because think about it, all that money that goes out in terms of what is being spent by that unemployment check, helps to generate $2 back into the community. So small businesses, everyone continues to keep their jobs,” Solis said.

“Just by the movement that the president made, we saved millions and millions of jobs.”

[link to www.theblaze.com]
 Quoting: Nostril Domus

What is so hard to understand? If you pay an unemployed man, he then has funds to buy food, pay rent, etc. If you have a community with high unemployment, all that money goes back into the community and circulates. If there is less money to circulate, people working at the grocery store or the hardware store, etc., lose their jobs.

Kind of simple economics, really. Why do you think the concept of unemployment compensation is a standard economic and social policy?

For instance, in our community a large facility for handicapped and mentally challenged workers is being closed. Over 200 people will lose their jobs. These are people who own homes, cars, boats, who buy food and clothes and other products and services. What happens when 200 families lose their sole means of support and have no assistance from the government? Fewer moon pies sold, fewer plumbers called to fix faucets, fewer hair appointments. All that adds up and drives the community further in economic straights. Those 200 people probably support at least another 200 jobs. Those 200 lose their unemployment, the other 200 are in danger of losing their jobs.

Simple, yes? If I were a small business owner in this area, let's say a restaurant owner near the facility, my business would DIE if those same customers couldn't come in to eat using their unemployment benefit. My business suffers, I lay off people, those people can no longer buy products and services (if there is no unemployment insurance)and the cycle gets worse. It's called a deflationary spiral. Those are bad. They lead to depressions.

So, simple, yes?
 Quoting: Spine monkey


Simple you say?

Where does the monies for these benefits come from?

Either higher taxes on an already strained job market thus drying up the investment on owner of a company has.

Or you must make more fiat currency reducing the overall buying power of the general public.

Thus reducing the amount of taxpayers putting an even greater strain on the economy.

Oh, by the way we are really in a worldwide depression.

Your first mistake is believing the numbers the government gives you. They lie and you should know by now the system must fail to correct itself.
Anonymous Coward
User ID: 15680976
United States
01/05/2013 06:09 PM
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Re: Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits
I have an anonymous confession to make. Between untaxable VA disability and California unemployment insurance I take in $41K a year without lifting a finger.

Isn't that kind of messed up?
 Quoting: Anonymous Coward 500421


I find it messed up that with disability AND unemployment insurance you are making less then the national median while people make you feel shame.

Where's the stand behind our troops hoopla about how I must honor our heroes etc etc yet when they come home disabled we leave em to fight for crumbs waiting to die of whatever sickness puts them waiting in a nursing home for decades til they eventually do just die off.

(worked in a lot of nursing homes, seen the terrible things our country has done to our soldiers. so much shame, yet we all act in a complete state of normalcy)
Anonymous Coward
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United States
01/05/2013 08:08 PM
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Re: Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits
unemployment does NOT last three years!!!!!!!!!!!!!!
Anonymous Coward
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United States
01/05/2013 08:09 PM
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Re: Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits
it is not SEEN terrible things it is SAW terrible things
Nostril Domus (OP)

User ID: 9357516
United States
01/05/2013 09:31 PM

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Re: Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits
bump
ChickenLittleMessiah

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01/06/2013 01:04 AM
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Re: Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits
I have a plan to save jobs , give everyone in the u.s a 5k government check every month.

Then we shall see how everyone works.
Nostril Domus (OP)

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01/06/2013 05:50 PM

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Re: Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits
bump
Spine monkey

User ID: 19054218
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01/08/2013 10:07 PM
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Re: Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits


You are being purposefully absurd. Children aren't normally "earners and spenders." They don't normally participate in the economy the way their parents do.

You are starting from an ideological viewpoint and not trying to examine the statement on its face. At face value, the statement is true in terms of local economies. The issue of laziness, etc., is important, but it is not germaine to the statement that the Secretary made. Wouldn't you agree? The issue arising from the statement was whether the dollars and cents of it were true, not whether the Keynesian idea is correct or not.

Yes?
Spine monkey

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01/08/2013 10:37 PM
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Re: Obama’s Labor Secretary: ‘We Saved Millions and Millions of Jobs’…by Extending Unemployment Benefits
then all of the american people should get money so we can spend it to keep jobs and stores open
 Quoting: MONSTER


As automation and robotics take more and more and more jobs--think robots at McDonalds flipping burgers and dunking fries--people will have to be able to do something to participate in the economy; and the society wants that as well, as the circulation of currency (current = motion?)keeps the society alive.

I'm reading a book right now, "Lights in the Tunnel," about just such a world, and how the economy would function vastly differently than it does now. In 10-15 years, most of the functions done in practically every factory will be doable by computerized equipment, i.e., robots.

When robots can completely build a car, what do the autoworkers do? When the widget factory is producing 450% more widgets with robots than humans, why have humans?

But what will those humans do? The author imagines a society where activity beneficial to society is rewarded with economic *points*.

You would get *points* for civic minded activities. Hell, you could earn *ooints* for volunteering as an armed guard at an elementary school. Or being a member of a governmental board. You would get *points* for a healthy lifestyle, etc.

The whole purpose of an economy is to keep goods and services flowing for the benefit of the people and companies in the economy. The ultimate result should be a better and better society, with more people encouraged and empowered to live more community-beneficial lives.

New times require new paradigms.

It is funny to see that here we are on the verge of the greatest technological leap forward in human history, and people are still trying to define and constrain economic systems using 18th century ideas.

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