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Started By
Message
re: Obama: Extending Unemployment Benefits “Creates New Jobs”
Posted on 1/8/14 at 12:18 pm to HailHailtoMichigan!
Posted on 1/8/14 at 12:18 pm to HailHailtoMichigan!
quote:
Every single dollar that goes to unemployment benefits was taken out of the economy in the first place.
-1+1=0.
All dollars are not the same. An extra dollar in the hands of a poor man will get put right back into the economy. The movement of money is what creates value and jobs.
It's a really simple concept, and the effect is similar to just adding or subtracting people (customers). If we were to lose 10% of the population, that would quite obviously lower demand for consumer goods, and in turn lower the need for production and jobs. The reverse is also true. If we increase the number of people with money in their pockets by 10%, there will be a corresponding increase in demand for consumer goods, so production and jobs will increase accordingly.
Obviously, a huge economy is much more complex than this, but there is no escaping the simple truth that more customers leads to more production and more jobs, not the other way around.
Posted on 1/8/14 at 2:04 pm to Korkstand
Purchasing power comes from more efficient/better production, which is a product of capital investment. These welfare programs take that capital investment OUT of our markets. This crushes purchasing power..the very thing the "poor" need the most.
"Government is good at one thing: it knows how to break your legd, then give you a crutch and say 'see, without us, yoi couldn't walk'". Nothing illustrates this more than unemployment "benefits".
"Government is good at one thing: it knows how to break your legd, then give you a crutch and say 'see, without us, yoi couldn't walk'". Nothing illustrates this more than unemployment "benefits".
Posted on 1/8/14 at 3:33 pm to Korkstand
quote:
there is no escaping the simple truth that more customers leads to more production and more jobs
Maybe so but when those receiving these extensions go spend their money it's usually on stuff that's not even made in the states. Doesn't seem to have helped "our" job market since unemployment skyrocketed over the last few years.
Other than food purchases I'd be willing to bet that purchases made with UB money go towards at least 70% of products made overseas, or in Mexico.
Posted on 1/8/14 at 4:02 pm to Korkstand
quote:
The movement of money is what creates value and jobs.
Wow. Just wow.
So we can just pay people to dig ditches and fill them up again? Actually, that would be an improvement over 2+ year unemployment.
To growth the economy you need improvements in efficiency and innovation. Just "spending money" has no long term effect.
And with this particular program it is REALLY ineffective since you are basically paying people to NOT HAVE JOBS!!! How can you not see how that isn't going to increase the number of jobs?
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