This is the liberal logic in Obama’s world. Taking money out of the economy somehow stimulates the economy.
Secretary of Labor Hilda Solis made her ubiquitous post-NFP appearance on CNBC this morning and spouted the usual propaganda. However, while discussing how wonderful the ATRA was, the seemingly slap-happy Solis noted how great the fact that emergency unemployment benefits were extended for millions of people was – and that thanks to that (and the magic of the Keynesian multiplier), millions of jobs were saved. So, to sum up, paying people not to work, saved millions and millions of jobs? Indeed America, indeed.
“We helped to provide, I think, some stop-gaps, and what I think about is, those two million people who would’ve lost their unemployment insurance — because think about it, all that money that goes out in terms of what’s being spent by that unemployment check, helps to generate two additional dollars back in the community so small businesses, everyone continues to keep their jobs, so, I can’t give you an exact figure but I’ll tell you that just by the movement the president made, we saved millions and millions of jobs.” ~Hilda Solis
How in the hell can you claim that stealing money from taxpayers generates $2 dollars back into the economy? Keynesian economic follower are idiots. They keep claiming unemployment checks and food stamps are stimulative for the economy yet the economy isn’t improving and neither is the unemployment situation.