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Started By
Message
re: Obama: Extending Unemployment Benefits “Creates New Jobs”
Posted on 1/8/14 at 12:01 am to cajunangelle
Posted on 1/8/14 at 12:01 am to cajunangelle
I understand. You take money from people that work and give it to people that don't work. When the people that don't work spend the money, it creates jobs. If the people that work and no longer have that money to spend, it has no impact on jobs.
1
Posted on 1/8/14 at 12:15 am to SpidermanTUba
quote:
DOesn't take a genius to figure out consumer spending creates jobs.
Consumer spending is not the root cause of jobs. Production is.
Quick, name a consumer good that can be consumed w/o first being produced.
Posted on 1/8/14 at 12:50 am to SpidermanTUba
quote:
DOesn't take a genius to figure out consumer spending creates jobs
By that rationale then why doesn't the federal government just give everyone a monthly stipend of $10k? Wouldn't that then create tons of new jobs?
Posted on 1/8/14 at 12:52 am to SpidermanTUba
quote:Let's give everyone 40k a year, that would surely create jobs. You evidently do not understand the broken window, nor anything else about economics,
DOesn't take a genius to figure out consumer spending creates jobs.
Posted on 1/8/14 at 1:01 am to stuntman
quote:
Quick, name a consumer good that can be consumed w/o first being produced.
Quick, name a consumer good that will be produced without consumer demand to drive its production.
Posted on 1/8/14 at 1:01 am to HailHailtoMichigan!
quote:
HailHailtoMichigan!
Beat ya to it
Posted on 1/8/14 at 1:02 am to Korkstand
quote:This is the correct statement, but it does not debunk supply side economics, nor does it justify taking money out of the economy and simply putting it back in to someone else.
Quick, name a consumer good that will be produced without consumer demand to drive its production.
Posted on 1/8/14 at 1:09 am to mauser
quote:
When the people that don't work spend the money, it creates jobs. If the people that work and no longer have that money to spend, it has no impact on jobs.
The premise is that once basic needs are met, a higher fraction of additional income is saved instead of spent, thus not creating jobs.
There are a million arguments against unemployment benefits, but this ain't one of them.
Posted on 1/8/14 at 1:14 am to Korkstand
quote:
Quick, name a consumer good that will be produced without consumer demand to drive its production.
How much demand was there for Nike shoes or iPods the year before they were created?
Posted on 1/8/14 at 1:22 am to Korkstand
Posted on 1/8/14 at 1:39 am to SpidermanTUba
quote:
DOesn't take a genius to figure out consumer spending creates jobs.
These "jobs" were already there before the person was unemployed. Doesn't take a genius to realize these consumers spent money when they had jobs, so what new jobs are actually created??
Posted on 1/8/14 at 8:50 am to Powerman
quote:
Well we keep extending unemployment benefits and the unemployment rate has gone down has it not?
I hear ya bro.
I think we need to quit encouraging people to look for jobs. If more just stayed home and quit looking, we could easily get the unemployment rate back down to where Bush had it.
In fact I think most of the problem is caused by Tea Party types, and conservative Republicans who are out of work and go out there and look for jobs. This is throwing the economy out of balance and the unemployment rate just won't go back down to normal levels.
Posted on 1/8/14 at 9:11 am to stuntman
quote:
How much demand was there for Nike shoes or iPods the year before they were created?
A lot. You don't quite understand the concept, do you?
Posted on 1/8/14 at 9:16 am to cajunangelle
Why do we need to extend the unemployment benefits when the administration came out a couple months ago and claimed the unemployment rates are near pre-2007 levels?
Posted on 1/8/14 at 9:22 am to cajunangelle
Posted on 1/8/14 at 9:24 am to upgrayedd
quote:
Why do we need to extend the unemployment benefits when the administration came out a couple months ago and claimed the unemployment rates are near pre-2007 levels?
I have a similar question because the administration is bragging that the economy is improving that that unemployment is down.
So, if all is well, why is this needed?
Posted on 1/8/14 at 9:29 am to TrueTiger
quote:
have a similar question because the administration is bragging that the economy is improving that that unemployment is down.
So, if all is well, why is this needed?
I haven't been watching the news much since this issue was brought up, but has anyone in DC or in the media asked this question repeatedly?
Posted on 1/8/14 at 9:32 am to upgrayedd
quote:
I haven't been watching the news much since this issue was brought up, but has anyone in DC or in the media asked this question repeatedly?
Harry Reid called it an emergency.
anyone here see an emergency, I thought happy days were here again.
Posted on 1/8/14 at 9:34 am to Korkstand
quote:
The premise is that once basic needs are met, a higher fraction of additional income is saved instead of spent, thus not creating jobs.
saving money helps create jobs and expand the economy by providing the means for investment in companies/production
Posted on 1/8/14 at 9:37 am to SlowFlowPro
quote:
saving money helps create jobs and expand the economy by providing the means for investment in companies/production
What good does providing the means for investment in production do if the additional demand is not there?
There is plenty of money lying around waiting to be invested. It is waiting on demand.
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