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Pure insanity : Pelosi : Unemployment checks creates more jobs THAN ANYTHING ELSE

 
Anonymous Coward
User ID: 1022595
Canada
07/01/2010 11:41 PM
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Pure insanity : Pelosi : Unemployment checks creates more jobs THAN ANYTHING ELSE
Yeah...in China!

[link to www.washingtonexaminer.com]

Pelosi: Unemployment benefits create more jobs than any other initiative

I hear Nancy Pelosi speak, and all around me I can envision a bustling service sector sprouting up, creating new jobs to serve all of the Americans who are receiving their $425/week in unemployment benefits.

Unemployment benefits are creating jobs faster than practically any other program, House Speaker Nancy Pelosi said Thursday…..

“It injects demand into the economy,” Pelosi said, arguing that when families have money to spend it keeps the economy churning. “It creates jobs faster than almost any other initiative you can name.”

If only we had higher unemployment — then we could create even more jobs!
Anonymous Coward
User ID: 1022230
Australia
07/01/2010 11:41 PM
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Re: Pure insanity : Pelosi : Unemployment checks creates more jobs THAN ANYTHING ELSE
see- she can speak the truth!
Anonymous Coward
User ID: 700610
United Kingdom
07/01/2010 11:43 PM
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Re: Pure insanity : Pelosi : Unemployment checks creates more jobs THAN ANYTHING ELSE
May 100 tarantulas infest her cunnie hair every day for the next millennia.
Fantasia II
Koo Koo Ka Choo

User ID: 839765
United States
07/01/2010 11:46 PM

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Re: Pure insanity : Pelosi : Unemployment checks creates more jobs THAN ANYTHING ELSE
May 100 tarantulas infest her cunnie hair every day for the next millennia.
 Quoting: Anonymous Coward 700610

What if she waxes?
George Orwell was right..Black is White, Up is Down, War is Peace...

"Never believe anything until it has been officially denied."

Yesterday is history.......Tomorrow a mystery.......Today is a gift......thats why we call it the Present!!!
MI6
User ID: 1021099
United States
07/01/2010 11:47 PM
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Re: Pure insanity : Pelosi : Unemployment checks creates more jobs THAN ANYTHING ELSE
** KUDOS** to the GLP poster that made a thread suggesting the situation in the states would be oh so much dire if all those benifits were to stop.

But Stop they will, it can`t go on and on. Some Day will come soon when it all collapses like it would have already withput these checks....

Right on whomever you are, you were right and Nancy Pelosi agree`s.
Anonymous Coward
User ID: 1022536
United States
07/01/2010 11:48 PM
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Re: Pure insanity : Pelosi : Unemployment checks creates more jobs THAN ANYTHING ELSE
With great thinkers like this in charge, how can California fail?
Anonymous Coward
User ID: 1022616
United States
07/02/2010 12:00 AM
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Re: Pure insanity : Pelosi : Unemployment checks creates more jobs THAN ANYTHING ELSE
well she has a point

the us is a consumer based economy

is 10% of consumers suddenly stop having money, they will be unable to spend

when they are unable to spend, less money goes to businesses

this in turn forces businesses to cut down on their labor costs, which means decreasing wages and/or firing employees

thus causing job losses

those fired employees will cut down their spending or stop spending all together if they have no money

which then would lead to businesses losing money or going bankrupt all together

and even more so many people would be defaulting on their loans, which would make banks eventually go bankrupt, which would force them to call their loans which in turns would bankrupt or severely dent businesses' cashflows

which means more people would get fired


and thus then the cycle repeats and continues

that's pretty much a deflationary spiral, and this means the economy would tank like it did during the great depression



of course the problem is if you do continue to spend like there is no tomorrow, then eventually the currency could potentially implode. At the very least, government debt would go way up


damned if you do, damned if you dont damned
Anonymous Coward
User ID: 792680
United States
07/02/2010 12:06 AM
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Re: Pure insanity : Pelosi : Unemployment checks creates more jobs THAN ANYTHING ELSE
So if Obamagov sent EVERYONE in the country a check for $1000 every week, the economy would be just BOOMING!

5a





GLP