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

And the earths core is "Millions of degrees"

The liberal left are sick in the fucking head!

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.

Its a disgrace is what it is. Anyone that needs that much unemployment assistance is not looking hard enough, or they are lazy.

Anyone with HALF A BRAIN can see he's just spending us into Insolvency.

I AGREE.

3 DAMN YEARS?!

Shit welfare is becomming the new norm. We have become the United States of Welfare. USW !

man this is just sad.

well Barry is notorious for ushering America into the age of gov't handouts.

this shouldn't come as a surprise from the Bounel Administration.

I dont know who he extended it for ..the folks I know that were on it..ended already.

and many believe all the nonsense......

What a ding-bat. She's not only ultra liberal, she's ultra stupid.

This motherf@cker (obammy) doesn't EVER get credit for the bad things that happen in this country.

How is this even possible, I feel like I am taking crazy pills!!!!!!!

Anyone with the other half of their brain would agree that he's spending us into insolvency ON PURPOSE TO FORWARD A COMMUNIST REVOLUTION IN AMERICA. The asshat's poison pill.

Just think of all those farms in farmville that would get neglected if those leeches would have to go back to work.

LMFAO......are you serious? EI is 3 years? I thought our socialist libtards were nuts but this leapfrogs their insanity.

Turning the middle class deeper into the nanny state.

wow! ..and THATS your leader? How embarrassing

it's fricken amazing how dork can sell snow to an eskimo. some people are that stupid....

There are PLENTY of 10 - 15$ an hour jobs, I go through a temp service and they have offered me a lot of positions, I actually had a good choice of what I wanted to take.

The people that sit on welfare know what they are doing, they are collecting their free stuff.

My friend told me that his friends on welfare sell drugs and sit on welfare and its more than enough to support their house and lifestyle of partying all the time

can ya believe it? then the rest of us poor bastards are working twice as much and paying more of everything. so no matter what the middle class is going down....

I remember a few months back when his administration said that for every dollar spent to fund food stamps, more comes back in through the food distribution/manufacturing/growing. They seem to have difficulty with anything math oriented.

Thats why unemployment went down. Benefits for millions have expired so they are counted as employed. Why is the goberment in charge of their own statistics anyway > ? Conflict of interest ?

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?

The entire world economy is undergoing transformative changes that make the old rules no apply anymore.

The increased efficiency of production and shipping and distribution mean fewer workers are needed. Couple that with outsourcing, and you have a turbulent situation where certainties are a quaint relic of the past.

Simple economics aside, how bout we not teach our youth to depend on the Govt! The facility you say is closing if its for mentally challenged and handicap folks, it is more than likley a state funded non profit..am i right? So to me that is the Gov itself creating unemployment by letting this facility close. They want all of us with our hands out looking up at them like they are kings..

We are not teaching anyone how to overcome hardship by giving them assistance for 3 years! They will get so acustomed to that lifestyle that you will never convince them to get a job. Why get a job when i can sit at home and collect a check. We are in trouble folks and to say that the the dollars that they take from us tax payers and giving to folks who do not pay taxes will stimulate the economy is just plain stupid! Being lazy is becomming an epidemic. It may give a few dollars back to the local stores that they spend the money in, but the taxes that the store pays goes back to fund the welfare dole.

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 strengthened currency, which would increase demand.

I think there is a lot of misunderstandings about what this federal unemployment extension really entails. Yes, the benefit program that they had in place extended for another year. But, for those who already exhausted all of their tiers, they will not get a "new" extension. No more new money for them. If they had some money remaining in a tier, they would be eligible for the balance only. (Except for tier 3 in some states where the unemployment is considered higher.)

Only the people who are on unemployment now or will file and have not gotten any of the prior extensions, they may be eligible for the new federal unemployment extension. And it is not for 1 year! It has 3 tiers. Tier 1 and 2 are for 14 weeks each, and tier 3 is for an average of 9 weeks. Tier 3 is not available in a lot of states because of the unemployment rate, so most people who qualify will probably only get up to an additional 28 weeks.

When they talk about the 2 million unemployed they are helping, that is misleading. I don't know how many of the 2 million who are not eligible to receive the new extension, but I imagine it's high. And these people will not be counted in the unemployment rate in states or in the federal number, they have dropped off the books.

millions of Government jobs, Big O.....

A consumer based economy, you inject money into the system to get everyone able to walk to the next supahmarket and buy insane crap, that saves millions of slave workers overseas.

Fail.