Posted on August 10, 2011 Carney: Unemployment Benefits Could Create Up To 1 Million Jobs
"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.
Carney says President Obama is pushing for unemployment benefits to be extended "as we continue to emerge from this recession."
Carney also says this is only one item of a "variety of things to grow the economy and create jobs."
"This is one thing that economists of all stripes agree will directly affect growth, a half-percentage point I believe, economists believe is the payroll tax cut," Carney also said.
Carney estimates that unemployment benefits could create up to one million jobs. However, then he talks about how a possible natural disaster could hurt US economy as well as the global economy. http://www.realclearpolitics.c....._1_million_jobs.html
Posted on August 10, 2011 Carney: Unemployment Benefits Could Create Up To 1 Million Jobs
"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.
Carney says President Obama is pushing for unemployment benefits to be extended "as we continue to emerge from this recession."
Carney also says this is only one item of a "variety of things to grow the economy and create jobs."
"This is one thing that economists of all stripes agree will directly affect growth, a half-percentage point I believe, economists believe is the payroll tax cut," Carney also said.
Carney estimates that unemployment benefits could create up to one million jobs. However, then he talks about how a possible natural disaster could hurt US economy as well as the global economy. http://www.realclearpolitics.c....._1_million_jobs.html
It's this kind of "rocket scientist" IQ from BOTH parties, that has got us into the mess we are in. Using the village idiot Carney's theory, lets increase unemployment, food stamp, and welfare benefit amounts by 200%..after all, it will create twice as many jobs!
"Arguing with liberals is like playing chess with a pigeon; no matter how good I am at chess, the pigeon is just going to knock out the pieces, crap on the board, and strut around like it is victorious." - Author Unknown
Is that a real story or urban myth....a 3rd grader of low intelligence could tell you how stupid that mentality is! Why not put Mr. Carny on unemplyment for 26 weeks and see if he still agrees....what a DUMBA$$
JUST BECAUSE SISSY SAYS SO DOESN'T MAKE IT SO...BUT HE THINKS IT DOES!!!!! JUST BECAUSE MC1 SAYS SO DOESN'T MAKE IT SO!!!!!
Obama Ag Secretary Vilsack: Food Stamps Are A "Stimulus"
Obama's Secretary of Agriculture Tom Vilsack: "Well, obviously, it's putting people to work. Which is why we're going to have some interesting things in the course of the forum this morning. Later this morning, we're going have a press conference with Secretary Mavis and Secretary Chu to announce something that's never happened in this country -- something that we think is exciting in terms of job growth. I should point out, when you talk about the SNAP program or the foot stamp program, you have to recognize that it's also an economic stimulus. Every dollar of SNAP benefits generates $1.84 in the economy in terms of economic activity. If people are able to buy a little more in the grocery store, someone has to stock it, package it, shelve it, process it, ship it. All of those are jobs. It's the most direct stimulus you can get in the economy during these tough times." http://www.realclearpolitics.c....._are_a_stimulus.html
[color=red][/color][justify][/justify]When a lie is truth. when truth is a lie when words are meaningless. this is the sign the beast is apon US for beast do not speak. The beast has arrived, bow down & take the blessing.
When a lie is truth. when truth is a lie when words are meaningless. this is the sign the beast is apon US for beast do not speak. The beast has arrived, bow down & take the blessing.
JUST BECAUSE SISSY SAYS SO DOESN'T MAKE IT SO...BUT HE THINKS IT DOES!!!!! JUST BECAUSE MC1 SAYS SO DOESN'T MAKE IT SO!!!!!
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