At the daily press gaggle at the White House, Obama’s mouth piece Jay Carney got into it with a Wall Street Journal reporter and had this to say about unemployment checks
“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.”
Following this twisted logic; given all of the people who have been collecting unemployment checks during the Obama presidency, if unemployment checks really did create jobs, then wouldn’t our unemployment rate be below 5% rather than hanging where it’s been for months, above 9%?!
Can anyone really be this stupid?
Oh…wait a minute…then Speaker of the House Nancy Pelosi said this of unemployment benefits back in July of 2010… “It creates jobs faster than almost any other initiative you can name.”
If unemployment checks really created jobs…then why work? Don’t you want to help the economy?